The Daily Journal — The Chargé d’Affaires of the United States Embassy for Venezuela, John Barrett, stated on Monday that the drop in monthly inflation to 6.3% in May marks a significant achievement for the country’s stability.
“In May, Venezuela’s monthly inflation fell to 6.3%, returning to single digits for the first time in more than a year. This progress shows that the economic recovery phase of the three-stage plan is delivering tangible results. Maintaining the momentum of these reforms will be essential to consolidate stability, attract investment, and create lasting prosperity for Venezuelans,” Barrett said.
The U.S. diplomat attributed the slowdown in price growth to the implementation of the second phase of the U.S. strategy for Venezuela, which focuses on boosting productive activity in partnership with the private sector and in coordination with the administration of President Delcy Rodríguez.
