*The Observatorio Venezolano de Finanzas (OVF), a Venezuelan economic think tank, has calculated that monthly inflation in December was 14.8%, up from the OVF’s previous estimate of 12.5% in November. This would bring annual inflation in December to 85%, up from 67% in November. According to the OVF, price rises in December were driven by a 14% increase in the price of the US dollar relative to the bolívar, with “significant” monthly price rises in all categories including food (+16.4%), clothing and shoes (+15.5%), household goods (+17.2%), communications (+20%), and restaurants and hotels (+26.5%).
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LatinNews Daily - 7 January 2025
In brief: Inflation accelerates in Venezuela, says think tank
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