Venezuela's inflation slows down to 1.4%, lowest in almost a decade

 

Shifting focus to Venezuela a country known for having inflation in multiples of hundreds of percentage but now according to figures reported by central bank Venezuela's inflation has slowed down further to reach just 1.4 in march its lowest level in almost 10 years now well the south american countries price index which was up 2.9 percent in February is showing a slower increase since president Mauro's government began using foreign exchange controls to allow a wider circulation of hard currency leading to more stable prices the accumulated increase of prices in last 12 months reached 284 percent at the end of march while inflation in first quarter was 11.4 percent it ensured rising prices are still among the main problems affecting many families in the Country Venezuela experienced hyperinflation until last year minimum wage in the country is equivalent to 30 per month inflation was pushed up in march by higher prices of communication and education services inflation's deceleration trend could be reversed following implementation this month of a tax what is two operators in heart currency it's a move by Mauro to boost government's income when as well as finance observatory this week reported problems to implement taxes by stores and companies adding that measure is creating ground for higher prices.