Venezuelan Inflation Slows to 10-Year Low of 59% Ahead of Vote
- Maduro says government is ‘walking the correct road’
- Central bank is intervening to soak up excess liquidity
Venezuelan policymakers have been spending dollars to prevent the bolivar from weakening too fast.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Annual inflation slowed to a 10-year low in Venezuela as the central bank intervenes to prop up the currency.
Consumer prices rose 59% in May from a year earlier, the weakest pace since 2014, the bank said Friday. Monthly inflation eased to 1.5%, from 2% in April.