Venezuela's Monthly Inflation Slows to 1% - Lowest in Twelve Years

Monday, 8 July 2024, 20:57

In June, Venezuela's inflation rate dropped to 1%, the lowest in twelve years, due to increased local dollar sales ahead of the upcoming presidential elections. This significant slowdown in inflation trend highlights the government's strategy to stabilize the economy and gain voter support. The move has implications for both domestic and international markets.

Yahoo Finance — Venezuela's Monthly Inflation Slows to 1% - Lowest in Twelve Years

Venezuela Inflation Update

In June, Venezuela recorded a historic low in monthly inflation rate at 1%, marking a significant milestone for the economy.

Key Points:

12-Year Low: This is the lowest inflation rate in Venezuela in over a decade.
Government Strategy: The focus on local dollar sales suggests a deliberate economic policy ahead of presidential elections.
Market Impact: The slowdown in inflation has implications for both local and global markets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Venezuela Inflation Update

Key Points:

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