Venezuela's Inflation Rate Sees Notable Easing

Venezuela's inflation rate has decreased significantly, dropping from 13.1% in March to 10.6% in April, according to a statement by the central bank released on Monday.

The cumulative inflation rate for 2026 has hit 90%, yet calculations from Reuters based on central bank figures indicate an annualized inflation rate of 611.86%. Despite these numbers, the acting president of the central bank, Luis Perez, projected single-digit inflation for May, asserting that the economy is performing well.

Perez also emphasized the bank's transparency in reporting data. He reassured the public that figures were not manipulated. Additionally, Venezuela has reinforced its international economic relations, appointing Vice President for Economic Affairs, Calixto Ortega, as its representative to the International Monetary Fund following the resumption of relations last month.

(With inputs from agencies.)