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LatinNews Daily - 08 June 2026

In brief: Venezuela’s monthly inflation continues to fall

*Venezuela’s central bank (BCV) has published inflation figures for May, showing a monthly inflation rate of 6.3%. It said this was the lowest rate in 19 months, following monthly inflation of 10.6% in April and 13.1% in March. The BCV did not provide the annual inflation rate. The figures were released while President Delcy Rodríguez was in India on a trip aimed at cementing the country’s status as a key buyer of Venezuelan oil. On 6 June she visited Jamnagar, the world’s largest oil refinery owned by Indian energy company Reliance Industries in Gujarat state, writing on social media that “both countries are advancing in energy complementarity”. The previous day, she met separately with India’s oil and natural gas minister, Hardeep Singh Puri, and the US ambassador to India, Sergio Gor, although no agreements were announced. Rodríguez travelled onwards to Turkey yesterday, with her office stating that “the objective of this official visit is to hold meetings with top officials in the Turkish government, focused on deepening diplomatic and commercial ties and mutual strategic cooperation”.

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