Inflation in Venezuela falls 11 percentage points in August, reaching 8.9%.

In August, Venezuela recorded a monthly inflation rate of 8.9%, representing an 11-percentage-point decrease compared to July, when the growth of prices stood at 19.9%. The data was officially reported by the Central Bank of Venezuela (BCV) through a press release issued on Friday, September 4.

Globally, food prices increased during the same month due to strong temperatures, drought, and geopolitical tensions. According to a report released Friday by the United Nations Food and Agriculture Organization (FAO), these environmental and conflict-related factors drove up global food costs, with the price of sugar experiencing a particularly notable surge.