HomeEconomyBCV: accumulated inflation in the first five months was recorded at 7,8%

BCV: accumulated inflation in the first five months was recorded at 7,8%

According to BCV figures, it is the lowest inflation for a similar period since 2012.

The intermonthly variation of the National Consumer Price Index (INPC), in May 2024, was 1,5%, the lowest result for a month of May since 2008, the year in which the measurement of the price indicator began in the national territory , as published by the Central Bank of Venezuela (BCV).

Compared to years prior to 2008, when the measurement was concentrated in the Caracas Metropolitan Area (AMC), the variation for the current month of May is the lowest result since 2004.

As a preview of the year, the accumulated inflation in the country in the first five months was 7,8%, the lowest for a similar period since 2012 (6,0%).

 The annualized variation of the INPC was 59,2%, the lowest value since February 2014 (57,3%). “All measurements indicate that inflation continues to decrease, a palpable result of the new economy and the efforts of all Venezuelans,” it was highlighted on the BCV portal.

The past 1 of June, President Nicolás Maduro announced that the nation recorded the lowest inflation rate in two decades last May, and achieved large tax collection as part of the strategic recovery plans and the 18 drivers of the Bolivarian Economic Agenda.

Leave a response

Please enter your comment!
Please enter your name here