The country quit issuing inflation data more than a year ago, but annual consumer price rises are widely seen to be in triple digits, driven by an unraveling socialist system in which many people struggle to obtain meals and medicines.

A money supply indicator known as M2 was up by nearly 180 percent in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation last month.

In contrast, neighboring Colombia's M2 was up 7 percent in the same period and the United States' was up 6 percent.

"If they are not publishing, you know it must be skyrocketing," said Aurelio Concheso, director of the Caracas-based business consultancy Aspen Consulting.

The central bank and ministry of communications did not respond to a request for comment.

An increase in M2, the sum of cash together with checking, savings and other deposits, means more currency is circulating.

That can accelerate inflation when coupled with a decline in the output of goods and services - such as in Venezuela, which is in the fourth year of a recession.

The money supply indicator suddenly stopped appearing on the central bank's website on Feb. 24.

The government ceased the dissemination of gross domestic product data more than a year ago. Before that, it put an end to the release of balance of payments figures and its consumer product scarcity index.

For a graphic on Venezuela's money supply, click http://fingfx.thomsonreuters.com/gfx/rngs/VENEZUELA-ECONOMY/010040800HY/index.html