BCV: Venezuela’s inflation was 8.4% in September and for the second consecutive month remained in single digits

The close coordination between the National Executive Branch and the Central Bank of Venezuela has been fostering growth in the monetary aggregates in line with the performance of the national economy.

The Central Bank of Venezuela (BCV) reported on its website that, in September 2026, the National Consumer Price Index (NCPI) registered a month-over-month variation of 8.4%, which represents the second consecutive month of single-digit inflation and confirms the progressive moderation of prices in the national economy.

This behavior is driven by a series of factors that have been having a favorable impact. Growth of the monetary aggregates has been facilitated in line with the performance of the national economy.

In addition, the normalization of inflows of external income into the national economy and the decline in exchange-rate pressures have led the exchange rate to move toward stabilization, affecting not only a smaller exchange-rate gap, but also a smaller variation in the prices of goods and services.

September 2026 also stands out for two relevant milestones so far this year: it was the month with the lowest exchange-rate gap, close to 10%, and the month in which the parallel dollar rose the least, by just 3%.

Everything indicates that inflation is starting a process of sharp deceleration heading into 2027. The convergence of these factors—macroeconomic coordination, normalization of external income flows, exchange-rate stabilization, and a smaller gap—lays the groundwork for consolidating price stability in the medium term.

Recently, the acting President of Venezuela, Delcy Rodríguez, stated that there are positive projections for the country’s economy over recent months.

«The third quarter, which would already give us 22 consecutive quarters of growth, is delivering at least 6.5% despite the double earthquake,» emphasized.