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Reuters

Venezuela’s inflation slows down to lowest in almost a decade

Venezuela’s inflation slowed down further to reach 1.4% in March, its lowest level in almost a decade, according to figures reported on Wednesday by the Central Bank. The South American country’s price index, which rose 2.9% in February, is showing a slower increase since President Nicolas Maduro’s government began easing foreign exchange controls to allow a wider circulation of hard currency, leading to more stable prices. The accumulated increase of prices in the last 12 months reached 284.4% at the end of March, while inflation in the first quarter was 11.4%, according to Reuters calculations based on official data, showing rising prices are still among the main problems affecting many families in the country.

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