Venezuela's 2023 inflation hit nearly
190%, but December prices barely ticked up
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[January 13, 2024]
CARACAS (Reuters) - Venezuela's annual inflation rate settled at
189.8% last year, according to data from the central bank released on
Friday, marking a slight easing of the still sky-high rate of rising
consumer prices in the South American nation's battered economy.
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![](../images/011324PIX/busine52.jpg)
A customer pays for shoes with cash in a store at a shopping center
during Black Friday sales, in Caracas, Venezuela November 25, 2022.
REUTERS/Leonardo Fernandez Viloria |
The
inflation rate during the previous year clocked in at 234%, one
of the highest inflation rates anywhere in the world.
But Venezuela's monthly inflation for December eased to just
2.4%, according to the bank.
While Venezuela's economy has suffered a prolonged meltdown
marked by triple-digit inflation and a mass exodus of millions
of migrants seeking better prospects elsewhere, its inflation
rate is no longer Latin America's steepest since Argentina's
sped past 200% last year.
(Reporting by Vivian Sequera; Editing by Brendan O'Boyle)
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