The Daily Journal.- Inflation in Venezuela accelerated for the second consecutive month, reaching 19.9% in July, up from 13.8% in June, according to the National Consumer Price Index (INPC) published by the Central Bank of Venezuela (BCV).
The figure marks the highest monthly level since January and confirms a shift in trend after four consecutive months of slowing inflation. Official figures show that inflation fell from 32.6% in January to 14.6% in February, 13.1% in March, 10.6% in April, and 6.3% in May, before climbing to 13.8% in June and 19.9% in July.
The BCV said July’s performance “reflected temporary factors” and resulted from “the impact of the double earthquake on June 24, which disrupted the distribution of goods.”
However, the central bank expects inflation to moderate again in August, “because the exchange rate slowed during the last three weeks of July.”
Through June, Venezuela’s cumulative inflation for 2026 stood at 129.82%, while the year-on-year rate reached 544.13%, according to official BCV statistics.
The July figure comes as several international organizations have warned about the economic impact of the double earthquake. Recently, the United Nations Development Program (UNDP) projected inflation of nearly 385% by the end of 2026.
