In 2022, the rate was 234%; data comes from the country's Central Bank, which releases numbers without a defined frequency
Venezuela's annual inflation was 189.8% in 2023, the country's Central Bank reported in data released this Friday (12.Jan.2024). The numbers, released without a defined frequency, show that, in December last year, the rate was 2.4%. There was a drop compared to 2022. Despite high rates, Venezuelan inflation has slowed since 2020. In the year of the pandemic, the country recorded a rate of 2,959.8%. In the following year, 2021, the South American country had inflation of 686.4%. In 2022, it was 234%. The information is from Reuters.
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