Venezuela's Monthly Inflation Dips to 0.7% in July

Venezuela's monthly inflation rate decreased to 0.7% in July from 1% in June. The annual inflation rate through July stands at 9.7%, as reported by the central bank.

Venezuela's monthly inflation rate has slowed to 0.7% in July, as reported by the central bank on Friday. This marks a decrease from the 1% inflation rate recorded in June.

According to the monetary authority, the annual inflation rate up to July reached 9.7%.