Venezuela Marks One Year Without Official Inflation Data, Leaving Citizens in the Dark

Venezuela marks one year without official inflation data, leaving citizens uncertain about their financial planning amid a struggling economy reliant on the United States dollar.

As of November 1, 2023, Venezuela has not released updated inflation data for a year, complicating financial planning for citizens reliant on the Venezuelan bolívar.
The Central Bank of Venezuela reported an inflation rate of 4% in October 2024, but without regular updates, economists warn that citizens are left in the dark.
The lack of official inflation figures has heightened concerns over the exchange rate, impacting salaries and the minimum wage, which remain unsustainable amidst economic instability.

Por Qué Es Relevante

The absence of reliable inflation data in Venezuela exacerbates economic uncertainty, undermining citizens ability to plan financially and signaling deeper issues within the economy that could affect stability and growth.