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Venezuela’s Inflation Forecast Revised to 27.5%-30% y/y

By Juan Lorenzo Maldonado

The Caracas CPI for October was in line with expectations (consensus, 1.4% m/m; RGE, 1.6% m/m) at 1.5% m/m, reaching 27.6% y/y and summing to 23.7% year-to-date. Food prices recovered from last month’s lows, printing a 1.9% m/m rise, and alcoholic beverages printed a 2.4% m/m increase. Transport prices and…

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