Venezuela inflation grows to 19.9% in July, central bank says
The central bank said earthquakes disrupted goods distribution as year-on-year inflation reached 575.9%, while officials also pushed to recover $4 billion in gold reserves.
- On Wednesday, Venezuela's central bank reported inflation rose to 19.9% in July from 13.8% in June, citing supply chain disruptions caused by recent twin earthquakes.
- Twin earthquakes struck the South American nation in late June, killing more than 6,000 people and severely disrupting the distribution of essential goods throughout the country.
- Year-on-Year inflation stands at 575.9% according to bank calculations, while monthly inflation surged to 20% following the disaster, underscoring the scale of economic pressure.
- National Assembly Chief Jorge Rodriguez said Wednesday authorities will "concentrate efforts to promote the recovery of Venezuela's international assets in the Bank of England," seeking 31 metric tons of gold worth $4 billion.
- The bank expects inflation to decline in August as the government prioritizes reconstruction projects including rebuilding households, health capacities, and clearing earthquake rubble.
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The Straits Times
Mining WeeklyVenezuela looks to UK-held gold reserves for reconstruction as inflation surges
Aug 12 - Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4 billion held in the Bank of England's underground vaults, National Assembly chief Jorge Rodriguez said on Wednesday, as monthly inflation surged to 20%. Read more at straitstimes.com.
Venezuela inflation surges to near 20% in July, central bank says
Although the BCV blamed the earthquakes for the 19.9% jump in July, economists see a serious crisis. The accelerated devaluation of the bolívar, the issuance of money and the wear and tear of the exchange rate intervention detonated the price imbalance in the country, according to the analysis of experts consulted by Crónica Uno. Caracas. [...] The entry BCV attributes to earthquakes the high inflation of July and economists point to the currenc…
The National Consumer Price Index (INPC) recorded an inter-monthly variation of 19.9% in July 2026, according to a school information released by the Central Bank of Venezuela through its Internet portal. The issuing institute estimates that this increase was short-term and was due to the impact of [...] The entry BCV: July inflation was 19.9% #13Ago was first published in El Impulso.
News to the Day and to the Hour Latest News of the day The National Index of Consumer Prices (INPC) recorded an intermonthly variation of 19.9% in July 2026. This increase was cyclical and was due to the impact of the seismic doubling of last June 24, which affected the distribution of goods, reported the Central Bank of Venezuela (BCV). However, a decrease in inflation is projected for the month of August, because the exchange rate slowed in t…
Venezuela recorded inflation of 19.9% in July, 6.1 points higher than in June, when the price growth was 13.8%, the Central Bank (BCV) reported this Wednesday. "This increase was cyclical and was due to the impact of the seismic doubling of last June 24, which affected the distribution of goods," the entity said in a brief press release published on its website. It also announced that inflation is projected to fall by August, because "the exchan…
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