Annual inflation in Venezuela reached 46.305% in June, according to the Parliament



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The National Assembly has submitted a new report in which the highest level of this country has been highlighted.

Venezuela's inflation hit a record 46.305% in the 12 months to June, according to data released Monday by the opposition-controlled National Assembly.

Parliament's measure is the only one that follows the trail to hyperinflation that crosses the oil country for the first time in its history, since the Central Bank stopped giving data on price changes during three years.

According to the report of the National Assembly, inflation accelerated in June and average prices rose 128.4%, the highest monthly change so far. this year. In May, it was 110.1%

The data does not provide annualized comparative reports because the measure began last year.

The increase is even higher in June in food prices, with an increase of 183%, for a strong impact on the population, especially on the poor who do not have enough to cover their basic needs and who are in the majority according to surveys prepared by a group of universities

"This is by far the worst hyperinflation experienced by any country in Latin America," said the Deputy Ángel Alvarado. "There are already nine months of this tragedy and the government does not recognize the problem."

The government of Nicolás Maduro, reelected in May during a presidential election criticized by dozens of countries in the world, promised to take steps to support the economy overwhelmed by a recession that lasts five years.

In recent months, Maduro has ordered to distribute bonuses to families who have treated the so-called "card of the homeland "by the party in power and increased the

Lawmakers of the opposition warn that these measures are financed by bolivars provided by the Central Bank of Venezuela to the state oil company PDVSA and the strategy is reflected by more gasoline for the fire of voracious inflation.

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