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Inflation Up 60.5% in Venezuela in 2022 - Central Bank

CARACAS (Sputnik) - Inflation in Venezuela rose 60.5% in the first eight months of 2022, according to the Central Bank of Venezuela.
Sputnik
In August, inflation rose 8.2% compared with the previous month.
The country also faced a 9.2% rise in healthcare prices, a 12.5% increase in the cost of education, and a 5.1% rise in transport in August.
Venezuelan Central Bank President Calixto Ortega Sanchez cited preliminary estimates as showing that the country's economy rose 18.7% in the second quarter of 2022.
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According to the United Nations Economic Commission for Latin America and the Caribbean, Venezuela's GDP is expected to rise 10% in 2022.
Venezuelan President Nicolas Maduro has repeatedly said that the country has found its way to economic development despite Western sanctions.
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