Key insights
- Venezuela's inflation slowed to 10.6% in April, with year-to-date inflation at 90% and annualized at 611.86%. While this indicates a slight improvement, the overall high inflation rate and potential data manipulation concerns contribute to global economic uncertainty, indirectly posing a minor bearish signal for US equities due to broader market risk sentiment.
May 4 (Reuters) - Venezuela’s inflation rate eased to 10.6% in April from 13.1% in March, the country’s central bank said on Monday.
The inflation rate so far in 2026 has reached 90%, the bank said on its website, while according to Reuters calculations based on central bank figures the annualized inflation rate is 611.86%.
"Our economy is healthy; it’s doing well," the bank’s acting president, Luis Perez, said in an interview on state TV, in which he predicted single-digit inflation for May.
Perez added that the bank did not alter figures to make them more positive. "We don’t cook the books," he said.
Since the resumption of relations with the International Monetary Fund last month, Venezuela has appointed current Vice President for Economic Affairs Calixto Ortega as its representative or governor to the organization, Perez added.