Venezuela inflation slowed to 7.1% in September

Economic crisis: A street vendor walking in front of a bank. September’s rise in consumer prices takes Venezuela’s annual inflation to 1,945.9%. — AFP

CARACAS: Venezuela’s inflation slowed to 7.1% in September compared with the previous month when it closed at 19.8%, according to the country’s central bank, following a three-month delay in publishing inflation figures.

September’s rise in consumer prices takes Venezuela’s annual inflation to 1,945.9%, according to calculations by Reuters based on data released by the country’s monetary policy authority, hitting citizens’ earnings and exacerbating poverty.