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    Venezuela accumulates inflation of 48.4% until July, points out the country’s Central Bank

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    On the other hand, a measurement prepared by the Venezuelan Finance Observatory (OVF), an independent body, points to a rate of 62% in the first seven months of 2022

    EFE/ Miraflores Press

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    Venezuela is ruled by Nicolás Maduro

    THE Venezuela accumulated a inflation in 48.4% in the first seven months of this year, with highs of 11.4% only in June and 7.5% in July, according to data released this Monday, 15th, by the country’s Central Bank (BCV). The institution did not update information on the behavior of the National Consumer Price Index (INPC) since June 17, when it announced that the change in May was 6.5% upwards. Now, official data shows that prices for goods and services nearly doubled in June, although the rise slowed last month to 7.5%. The averages for the last two months are the highest so far this year, with June being the only period with double-digit inflation in 2022. The segments of the economy that recorded the most increases last month were education services (12%), leisure and culture (10.8%) and housing services (9.5%). On the other hand, the measurement prepared by the Observatory of Finance of Venezuela (OVF), an independent body, pointed to an accumulated inflation of 62% in the first seven months of the year.

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    *With information from EFE

    Source: Jovempan

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