Venezuelan inflation in October recorded the lowest rate since 2012

Published at: 29/11/2024 11:19 PM

The Central Bank of Venezuela (BCV) reported that the National Consumer Price Index (INPC) closed the month of October with 4.0%, higher than the September record when it reached 0.8%.

The BCV reports on its official website that compared to the months of October since 2008, the result of the current inflation index is lower than in October 2023 (5.9%) and the lowest since October 2012 (1.7%).

In addition, it points out that in the last four years (2021-2024), in which significant progress has been made in the price stabilization process, the month-on-month inflation of October 2024 continued the decreasing trajectory that has been observed for a month of October since 2021.

It indicates that cumulative inflation from January to October 2024 stood at 16.6%, representing the lowest variation since 2012, when it registered 13.4%.

In the measurement of prices in the Metropolitan Area of Caracas (AMC), a behavior similar to that of the INPC was observed. Between January and October, the cumulative variation of the INPC-AMC was 16.9%, the lowest value since 2012 (13.9%).

The publication shows that, in the country's inflationary behavior, inflation continues to decline in the medium term, despite the limitations of external resources and impediments to operating on equal terms in other economies that are not subject to unilateral coercive measures.

Mazo News Team