UPDATE 1-Venezuela’s inflation reached 2% in April, central bank says

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By Mayela Armas

CARACAS, May 3 (Reuters) – Venezuela’s consumer price growth in April accelerated 2% versus March, when it measured 1.2%, the country’s central bank said on Friday.

Accumulated inflation so far in 2024 is 6.3%, according to data from the bank, while Reuters calculations showed 12-month inflation reached 64.91% through April.

Government officials have said inflation will end the year in double-digits for the first time in a decade.

The government of President Nicolas Maduro has intensified efforts to bring inflation down, holding the exchange rate steady and weighing how to spend on social programs without stoking consumer price rises. (Reporting by Mayela Armas Writing by Julia Symmes Cobb and Valentine Hilaire)