Key facts
- Venezuela's monthly inflation rate increased to 19.9% in July.
- The previous month's inflation rate for June was 13.8%.
- Year-on-year inflation in Venezuela reached 579.96% based on central bank figures.
Venezuela's monthly inflation rate rose to 19.9% in July, a significant increase from the 13.8% recorded in June, according to data released by the country's central bank. This surge brings the year-on-year inflation rate to 579.96%, based on calculations derived from the central bank's figures.