Guantanamo.- Venezuela’s Consumer Price Index was 0.7 percent in July, the lowest value in 2024 and in the last 16 years since the indicator has been registered, the Central Bank revealed.Compared to years prior to 2008, when the measurement was concentrated in the Caracas Metropolitan Area, the accumulated variation between May and July was 3.1 percent and represents the lowest value since 1985 (1.1 percent).
According to the Central Bank, current inflation results are at levels similar to those recorded four decades ago.
It stood out that the clear progress in price stabilization is “the palpable result of the new economy and the efforts of all Venezuelans.”
Edited by Liubis Balart
