OVF: Venezuela’s May Inflation Rises to 26%
The Venezuelan Finance Observatory (OVF) recorded a sharp increase in prices in May, reporting an alarming monthly inflation rate of 26%.
Inflation
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New value of the Unidad Tributaria: Essentials for taxpayers and businesses
The recent increase in Venezuela’s tariff tool was set at a rise of 377.7% compared to its previous value fixed…
Delcy Rodríguez Announces New Restrictions on Foreign Currency Allocation for Imports
Executive Vice President Delcy Rodríguez announced on Wednesday that foreign currency allocated for imports will be rationed to prioritize essential needs, such as food, medicine, and production supplies.
Price Adjustment Revives Fear of Shortages and Inflation
In previous years, price adjustments have contributed to the disappearance of basic goods from store shelves and inflationary pressure, creating…
What Does the Operation Against “Monitor Dolar” Mean for Venezuela’s Exchange Market?
On July 28, Attorney General Tarek William Saab announced that police had arrested Carlos Andrés Pérez, who managed the account Monitor Dolar.
Maduro Appoints New Board for Central Bank of Venezuela Amid Institutional Silence
On April 11, Nicolás Maduro restructured the board of directors for the Central Bank of Venezuela (BCV) following the resignation of two of its members. The institution is now chaired by Laura Carolina Guerra, while the Minister of Finance and Economy, Anabel Pereira, is the new representative of the national executive on the board.
Venezuela’s Black Market Exchange Rate Soars to Bs 95.60 per U.S. Dollar Amid Institutional Silence
The informal exchange rate closed this Tuesday, March 25, at Bs. 95.60 per dollar, marking a historic 40% gap compared to the official rate (Bs. 68.39) and nearing the 100-bolivar threshold.
Economist Asdrúbal Oliveros Warns that Inflation in Venezuela is Rising Faster than Expected
During his participation in the Economic Agenda of Román Lozinski on the Éxitos circuit, the partner-director of Ecoanalítica, Asdrúbal Oliveros, warned this Wednesday about the accelerated rise in inflation in Venezuela. According to Oliveros, inflation has shown a significant rebound in recent months, reversing the downward trend observed at the beginning of last year.
Venezuelan Workers Face the Longest Period Without Wage Increases
This March 15 marks three years since Venezuelan workers last saw an increase in their minimum wage. Since then, they have faced the longest period without salary adjustments in the last 27 years, amid high inflation and a deep economic crisis.