Venezuela reported inflation of 8.7% in September compared to 7.4% in August, the Central Bank said on Friday.
With the September variation, accumulated inflation in nine months reaches 158.3% according to official information.
The greater depreciation of the local currency, the bolivar, has continued, which has had an impact on prices, according to analysts.
Year-on-year inflation stood at 317.6%, according to Reuters calculations based on figures from the Venezuelan issuer, and remains the highest inflation in the region.
The government, to try to stop the rise in prices, has focused on cutting public spending, restricting credit and injecting foreign currency to stabilize the exchange rate, but the strategy has been unstable because there have been months of high prices. inflation.
The groups that increased the most were education services 18.1% and transportation 11.1%, according to the issuer’s data.