Ramón Lobo: Venezuela will close 2024 with inflation below 20%

Published at: 10/10/2024 08:57 AM

Venezuela will close 2024 with inflation below 20%, predicted the vice-president of the Finance Subcommittee of the National Assembly, deputy Ramón Lobo.

According to a press release from Parliament, Lobo justified his analysis in the behavior that our economy has maintained in recent months, and he assured that if this situation continues “we will achieve what the country has not achieved in the last 15 years”.

Lobo recalled that the Central Bank of Venezuela (BCV) reported inflation of 0.8% in September, with a cumulative inflation of 12.1% from January to September.

In this regard, he stressed that this is a positive figure, compared to the records of 2023, from January to September, which amounted to 158.2%.

He noted that Venezuela has registered growth, in Gross Domestic Product (GDP), of 13 consecutive quarters. “This is a cross-cutting axis to leverage national development, with a projection of 8% for this year, a very favorable perspective for the Venezuelan people,” he stressed.

Mazo News Team