LatinNews Daily - 20 June 2023

In brief: Inflation rises again in Venezuela

* Venezuela’s central bank (BCV) has released new figures stating that monthly inflation was 5.1% in May. This was up from the 3.8% monthly inflation recorded in April, and broke a three-month period of decelerating inflation since January, when the BCV put it at 42.1%. The BCV does not provide annual inflation figures. The economic think tank Observatorio Venezolano de Finanzas (OVF), which publishes its own inflation estimates, has calculated monthly inflation in May to be 2.5 percentage points higher than the BCV’s figure, at 7.6%, which it said brings annual inflation to 458%.

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