Maduro's long road to closing the year with inflation below 100% in Venezuela. Venezuela registers a deflation of 0.5% in February.
The fiscal discipline applied by the Government in recent years has stabilized the exchange rate in a very small economy with modest growth rates. The president, Nicolás Maduro, set the goal in the middle of the election year to achieve “double-digit” interannual inflation, referring to the Government's goal: to drop below 100%. In 2023, Venezuela closed with an inflation of 189%, and in 2022, with 305%.