Venezuela’s National Assembly Reports Inflation at 4,099 Percent Over 12 Months

The yearly rate stood at 3,524 percent in June, down from 3,684 percent in May according to the monthly report prepared by Parliament.

RIO DE JANEIRO, BRAZIL - Venezuela closed July with a 12-month inflation rate of 4,099 percent, up from June's rate, according to a report released on Wednesday by the opposition-majority National Assembly.

The yearly rate stood at 3,524 percent in June, down from 3.684 percent in May, according to the monthly report prepared by the parliament since 2017 due to the limited availability of figures from the authoritarian Nicolás Maduro regime.

Inflation in July closed at 55.05 percent, exceeding the 19.5 percent recorded in June, said opposition deputy Alfonso Marquina, a member . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?