Venezuela's inflation rate stands at 27.9 percent per year

October 5, 2010 20:03


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

CARACAS, Venezuela  — Venezuelan officials on Tuesday said consumer prices rose 1.1 percent in September and that annual inflation stands at 27.9 percent.

Inflation last month was significantly lower than the 1.6 percent recorded in August, and the 2.5 percent in September 2009.

The Central Bank said in a statement Tuesday that September's monthly inflation was the lowest since the country adopted a nationwide system of calculating inflation at the start of 2008. Accumulated inflation during the first nine months of 2010 has been 21.2 percent, higher than the 18.5 percent during the same period last year.

Venezuela's inflation has been Latin America's highest for five years despite price controls on many basic foods set by President Hugo Chavez's government

Related Content

Breaking news
August 17, 2018
U.S. says no rebuilding funds for Syria until peace talks underway