The sectors that showed the largest increases were services 8.7%, household equipment 5.1% and alcoholic beverages and tobacco with 3.9%, according to the report of the Venezuelan Financial Observatory.
Figures compiled by the Venezuelan Financial Observatory (OVF) show that inflation accelerated in July, closing at 4%, compared to the previous month when the indicator stood at 2.4%.
The data was released on Tuesday, August 6 by the OVF on its website. The institution maintains that the year-on-year inflation is 62%, while the accumulated inflation until July of this year is 22%.
The sectors that showed the largest increases were services (8.7%), household equipment (5.1%), and alcoholic beverages and tobacco (3.9%), according to the observatory’s report.
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FocusEconomics estimates that Venezuela will close this year with inflation of 89.4%, much lower than the previous year, when the indicator ended at 337%.
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