Venezuela Sees Record Low Inflation: A Glimmer of StabilityIn May 2024, Venezuela's inflation rate reached a historical low of 78%annually, the lowest since 2017. This decline from previous months highlights the Central Bank of Venezuela's( BCV)efforts t

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especially in the services sector
Electricity costs jumped 18.2%, and water service fees increased by 16.7%.Similarly, sanitation and gas services rose by 7%, while hikes in
cable TV, mobile phone, and internet services were 5%, 14.4%, and 4%, respectively.Education costs also rose, with transportation fees up
6%, university tuition by 4%, and school fees by 24%
Downtown
(Photo Internet reproduction)Geographically, inflation rates differed
growth of 2% for Latin America.However, these projections are cautious, given the challenges in oil production and ongoing inflation