Author Topic: Venezuela's annual inflation rises to 63.4%  (Read 405 times)

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Offline EC

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Venezuela's annual inflation rises to 63.4%
« on: September 10, 2014, 10:28:55 am »
Venezuela's annual inflation rate has risen to 63.4%, the highest in Latin America, according to official figures published on Tuesday.

The figures are the first released by the central bank since May, which has led critics to accuse the government of withholding data for political reasons.

The poor state of the economy, among other issues, triggered mass anti-government protests earlier this year.

They have since died down, but many continue to grapple with shortages.

The central bank did not publish its scarcity index, a measure of goods that are missing from store shelves, but shortages of basic items such as flour, milk and toilet paper continue to be the bane of many shoppers.
'Protest slump'

While the bank said that month-to-month inflation had eased in August for the third straight month to 3.9%, the annual inflation rate reached a six-year high.

The government of President Nicolas Maduro blamed the soaring inflation on the protests, which rocked the country earlier in the year.

Read more: http://www.bbc.co.uk/news/world-latin-america-29140359
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Re: Venezuela's annual inflation rises to 63.4%
« Reply #1 on: September 10, 2014, 03:14:22 pm »
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The government of President Nicolas Maduro blamed the soaring inflation on the protests, which rocked the country earlier in the year.

:facepalm2: