Bloomberg News

Venezuelan Consumer Prices Said to Rise 1.6% in September

October 06, 2011

Oct. 6 (Bloomberg) -- Venezuela’s consumer prices rose 1.6 percent nationwide in September as the pace of monthly price increases slowed, said a government official familiar with the inflation report to be released later today.

The inflation rate will begin to decelerate and monthly inflation may be closer to 1 percent in the coming months, said the official, who isn’t authorized to speak publicly. The official declined to say how much prices had risen from a year earlier.

The central bank is expected to release the full consumer price report later today. Prices rose 2.2 percent nationwide in August.

--Editor: Joshua Goodman

To contact the reporter on this story: Corina Rodriguez Pons in Caracas at crpons@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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