While it has risen in monthly terms from 2.9% to 3.9%.

Inflation in Venezuela fell 9 percentage points in May compared to April, reaching 78% year-on-year, while it has risen in monthly terms from 2.9% to 3.9%.

For its part, as disclosed this Wednesday by the Venezuelan Finance Observatory (OVF), an independent economic information organization, the accumulated rate reaches 15.3%.

The items most affected by inflation in monthly terms were services (7.2%), communication services (6.8%) and education (4.4%). The food and non-alcoholic beverages category, which has the greatest weight in the indicator's weighting, presents a drop of 1.1%.

Food (5%), health (5.3%) and education (5.2%) were the items most affected by inflation. Within the food sector, the subgroups of eggs, beans and sardines experienced increases of between 10% and 20%, while corn and wheat flour recorded increases of more than 50%.

It should be noted that this inflationary behavior occurs in a context of gradual adjustments to the exchange rate by the Central Bank of Venezuela (BCV), with the aim of anchoring prices.

However, this policy has generated a significant lag in the exchange rate compared to inflation rates, which have been declining in the rest of the world.