Venezuela Logs Lowest January Inflation in Over 10 Years on Back of Strict Policies and Dollarization

• Venezuela's January inflation rate was 1.7%, the lowest for January in over a decade • The low inflation extends an 11-month streak of single-digit inflation rates • Tight monetary and fiscal policies have helped restrict price increases • Allowing free flow of US dollars and encouraging dollar supply has also helped • Chevron's increase in dollar sales in Venezuela has been a key source of dollar liquidity