Venezuelan Central Bank: Inflation rate in April dropped to 10.6%, with an annualized inflation rate still as high as 611.86%.

The Central Bank of Venezuela announced on Monday that the country's inflation rate in April fell from 13.1% in the previous month to 10.6%. According to the central bank's website, the cumulative inflation rate up to 2026 has reached 90%. Based on calculations using central bank data, the annualized inflation rate is as high as 611.86%. The acting president of the central bank, Luis Perez, said in an interview on national television, "Our economy is healthy and running well." He expects the inflation rate in May to drop to single digits. Perez emphasized that the central bank did not manipulate the data to make it appear more positive. "We did not cook the books," he said. Perez also added that since last month, Venezuela has restored relations with the International Monetary Fund (IMF), and the current Vice President of Economic Affairs, Calixto Ortega, has been appointed as the Venezuelan representative or director of the organization.