Venezuela's May annualized inflation at 35 pct

Reuters, 06.01.03, 11:16 AM ET  

CARACAS, Venezuela, June 1 (Reuters) - Venezuela's annualized inflation climbed to 35 percent in May compared with 18.3 percent a year earlier as the oil-rich nation battled a sharp recession, the Central Bank reported on Sunday.

Monthly inflation registered at 2.3 percent in May compared with 1.1 percent in the same month a year earlier and 1.7 percent in April. Accumulated inflation to May was 13.8 percent compared with 10.5 percent during the same period a year ago.