Rodriguez announced the 2022 inflation rate during a meeting with Turkish and Venezuelan business leaders. Central Bank of Venezuela it rarely publishes economic data, and has not released inflation figures since October. It is known that in 2021 inflation in the country exceeded 686 percent.
Inflation in Venezuela fell to 234 percent.
The Reuters agency indicates that the socialist authorities of Venezuela under the leadership of President Nicolas Maduro have so far managed to slow down the increase in prices in 2022, e.g. Thanks rigid economic policy, anchoring the exchange rate of the national currency (bolivar – ed.) or limiting public spending.
In the autumn of last year, however, symptoms of a deterioration in the economic situation appeared. Inflation accelerated, and the bolivar began to depreciate against the US dollar. A group of economists cited by Reuters said: Venezuela is at risk of re-entering a period of hyperinflation.
