Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999.

Venezuela is letting the bolivar depreciate as the government tries to quell demand for US dollars that’s been rising since ...

The basic food basket in Venezuela, analyzed for a family of five, had a cost in March of 471.16 dollars, that is, it increased by 46% compared to the same month in 2021, which was worth 322.57 ...

Last March Venezuela recorded inflation of 10.5%, which brings the cumulative inflation rate of 17.8% for the year, reported on Monday the Venezuelan Finance Observatory (OVF), an independent body ...

Venezuela's annual inflation rate rose to 49.4% in September, from 45.4% in August. Consumer prices increased 4.4% month-on-month, the central bank said, compared with 3.0% in August.

The country hit crisis levels the following year, with GDP shrinking by almost 6% and inflation soaring. Oil output has been declining since. Venezuela is heavily reliant on the US for its oil ...

Venezuela has been producing oil since 1914 ... or so lucky. Oil prices crashed; inflation reached an inconceivable 300,000%. Maduro met public discontent with repression, and millions left ...

In February, Venezuela finally said goodbye to the rampant hyperinflation that had seen price rises peak at more than 400,000% a year in 2019. Now annual inflation is more manageable, but still ...

The Venezuelan government on Wednesday said it was recalling its ambassador in Brazil over what it described as "repeated ...

Venezuela is letting the bolivar depreciate as the government tries to quell demand for US dollars that’s been rising since July’s election, risking sparking a new bout of inflation.