Venezuela: inflation slows in August but year on year is 63.4%
Thus, the cumulative inflation for 2014 reached 39% and the year-to-year is 63.4%.
In the statement released on Tuesday, it is said that “the National Consumer Price Index (INPC), prepared by the Central Bank of Venezuela and the National Institute of Statistics, recorded a monthly variation of 3.9 in August 2014. %, lower than in July (4.1%).
«With this result, the consumer price indicator has accumulated a percentage increase of 39.0% in the first eight months of the year.»
BCV has not provided INPC data since May, a delay that government critics attribute to a strategy by the country’s president, Nicolás Maduro, to hide the data in order to obtain political income.