Venezuela's inflation leaps to 6%

Over the past 12 months, inflation has recorded the lowest level since 2008, the year when the national coverage index began to be estimated

Annualized inflation hits 22.6% (File photo)

EL UNIVERSAL

Tuesday June 05, 2012 12:11 PM

The National Consumer Price Index prepared by the Central Bank of Venezuela (BCV) and the National Statistics Institute (INE) yielded in May 2012 an inter-month variation at 1.6%.

Following the May results, such variation in the first five months of 2012 stands at 6%, "significantly lower than 10.3% in the same term the previous year," the BCV emphasized.

"For its part, the annualized variation stood at 22.6%. Therefore, it slowed down for the fifth month in a row, from 27.6% in December 2011. Furthermore, it is the lowest value of the annualized rate since the day when the consumer price index started to be estimated nationwide," the BCV specified.

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