As reported by the central bank, prices in October shot up 1.7%
Sectors with the most rapid acceleration included education services at 3.5% and food and beverages at 1.7%
The BCV report states that accumulated inflation stands at 13.4%, the lowest level ever since the indicator started to be tracked, taking into account the whole country.
Likewise, based on the report, prices advanced 17.9% on an annualized basis. In this way, inflation for this year is expected to end behind the goal set in the domestic budget between 20% and 22%.
By October of last year, annualized inflation hit 26.9%, whereas accumulated inflation stood at 22.7%.
A breakdown of sectors found that education services sped up the most at 3.5%. Food and non-alcoholic beverages, with the highest profile in the index, gained 2.6% in October.
A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.