Monthly inflation in Venezuela rose to 39.4 percent per month in January, which is 2.2 points higher than the figure recorded in the previous month, according to figures released Tuesday by the Venezuelan Observatory of Finance (OVF), an independent economic information agency.
For its part, inter-annual inflation stood at 440 percent in January, which suggests that inflation is entering a phase of «strong acceleration».
The monthly increase is the highest in the last 21 months and the year-on-year figure means that the Venezuelan economy is in «danger» of re-entering an episode of hyperinflation, as explained by the Observatory.
By divisions, the highest increases were in communications (258.8 percent), clothing and footwear (48.3 percent), food (35.5 percent), transportation (26.6 percent) and housing rental (25 percent).
Source: (EUROPA PRESS)
