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UPDATE 1-Venezuela's central bank says inflation was 46.6% in January

·1 min read

(Adds details, context)

CARACAS, Feb 11 (Reuters) - Venezuela's central bank said onThursday that consumer prices rose 46.6% in January, while theinterannual inflation rate hit 2,665% as hyperinflationcontinues to plague the South American country's crisis-strickeneconomy.

The rise in consumer prices was lower than in December, whenprices rose 77.5%, but higher than the 40% increase in November,the monetary authority's data showed.

Years of hyperinflation have left the local bolivar currencyincreasingly worthless, prompting Venezuelans to use U.S.dollars for day-to-day transactions. The economy has been infreefall for more than six years, spurring a humanitarian crisisin the once-prosperous OPEC nation.

Before Thursday, the central bank had not updated itsconsumer price statistics since September. The lack of regularofficial economic data has led the country's politicalopposition to publish its own indicators.(Reporting by Mayela Armas in CaracasWriting by Luc Cohen)