Venezuela’s monthly inflation rate surged to 13.8% in June, more than doubling the 6.3% recorded in May, according to data from the Central Bank of Venezuela (BCV).
The sharp acceleration marks a reversal of a five-month trend of moderating price pressures, signaling renewed instability in the country’s consumer market.
The spike coincides with a rapid depreciation of the bolívar, which has lost ground against the dollar amid worsening economic conditions.
The currency’s slide has amplified import costs and eroded purchasing power, feeding directly into higher consumer prices across essential goods and services.
Compounding the inflationary pressure are ongoing supply chain disruptions following recent deadly earthquakes in the region.
Infrastructure damage and logistical bottlenecks have constrained the availability of key commodities, further straining an already fragile economy.