RIO DE JANEIRO, BRAZIL - Monthly inflation in Venezuela stood at 10.6% in August, according to the Venezuelan Finance Observatory (OVF), an independent entity comprising several economic analysts.
On Twitter, OVF said that the 12-months inflation stood at 1,743%, while accumulated inflation so far this year reached 470.3%.
On the other hand, the observatory reported that the basic food basket "reached the cost of US$305.09."
The items that increased the most during August were leisure (35%), services (24%) and food and beverages (9.7%).
Inflation last July stood at 19%, a spike after reaching 6 . . .