Venezuela inflation slows in February to 1.2%

Venezuelan inflation in February slowed to 1.2% versus January, when it measured 1.7%, the country's central bank said on Thursday. February's inflation is the lowest since August 2012. The country's 12-month inflation stood at 75.91%, according to Reuters calculations based on central bank figures.

Venezuelan inflation in February slowed to 1.2% versus January, when it measured 1.7%, the country's central bank said on Thursday. February's inflation is the lowest since August 2012.

The country's 12-month inflation stood at 75.91%, according to Reuters calculations based on central bank figures. Venezuela's government is redoubling efforts to control inflation by holding the exchange rate at 36 bolivars to the dollar, while weighing its spending amid an election year.