Venezuela’s central banking authority reported Monday that the nation experienced a decline in monthly inflation during April, with rates dropping to 10.6% compared to the 13.1% recorded in March.
However, the broader economic picture remains challenging, as the central bank’s website shows inflation has accumulated to 90% through the first four months of 2026. Reuters analysis of the banking data indicates the annual inflation rate has reached 611.86%.
During a state television appearance, acting central bank president Luis Perez expressed optimism about the country’s economic trajectory. “Our economy is healthy; it’s doing well,” Perez stated, while forecasting that inflation could drop into single digits for May.
Addressing concerns about data manipulation, Perez emphasized the bank’s commitment to accurate reporting. “We don’t cook the books,” he declared during the interview.
Perez also revealed that following Venezuela’s renewed relationship with the International Monetary Fund last month, the country has designated current Vice President for Economic Affairs Calixto Ortega to serve as its representative and governor to the international organization.
