Venezuela August inflation slows to 8.9 percent
Venezuela reported that monthly inflation slowed significantly to 8.9 percent in August. This drop follows a rate of 19.9 percent recorded in the previous month.
Venezuela reported an inflation rate of 8.9% in August, down from 19.9% the previous month, according to central bank figures released on Friday afternoon. The slowdown marks a deceleration in consumer price growth for the oil-producing nation. Year-on-year inflation stood at 534.21%, based on calculations from the central bank's data.
