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Venezuela accumulates an inflation of 366.1% so far this year, according to the Chamber

The accumulated inflation in Venezuela until August of this year reached 366.1%, reported today the Finance Committee of the Venezuelan Parliament, controlled by the opposition, and that throughout 2017 has been in charge of announcing the inflation index in the absence of information from the Central Bank (BCV).

Caracas, Sep 7 (EFE) .- The inflation accumulated in Venezuela until August this year reached 366.1%, informed today the Finance Committee of the Venezuelan Parliament, controlled by the opposition, and that throughout 2017 has been in charge of announcing the inflation index in the absence of information from the Central Bank (BCV).

"Inflation in August stood in 33.7% this is the highest figure in the history of Venezuela, for a cumulative so far this year of 366.1%, to continue like this (...) we are going to end the year in an inflation more than 1000%, "said opposition MP Rafael Guzman at a press conference.

As of July, cumulative inflation in the Caribbean country, according to Parliament, was 249%, while

Because the BCV has not published inflation and other indicators of the country for more than a year, the Venezuelan National Assembly (Parliament) has decided in January, to report the consumer price index in order to provide monthly data on inflation, the Parliament explained in a report.

defined a basket of goods and services representative of Venezuelan consumption, according to the information provided by the 'IV Household Budget Survey' carried out by INE " (National Statistical Institute), "the report says.

In this basket," relative weights were assigned "according to" importance in the family budget, the goods and services in that basket are monitored through a 'Price Survey'. "

Inflation in Venezuela, which according to the BCV closed 2015 at 180.9%, is considered by the government of Nicolás Maduro as a problem induced by an "economic war", which blame entrepreneurs and opponents and to which they blame the serious crisis that crosses the nation

The Central Bank has been silent since 2016 on the official figures for inflation, gross domestic product (GDP) and scarcity in the Caribbean country. The International Monetary Fund (IMF) has forecast that inflation will remain unchecked and predicts to be at 720 percent for this year and up to 2,000 percent in 2018.

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