Venezuelan economy expands 4% in 2010 and inflation reaches 27.6%

Monday, January 2nd 2012 - 21:44 UTC

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Inflation in Venezuela during last year reached 27.6%, which is 0.7 percentage points more than in 2010, according to a preliminary report from Venezuela’s central bank. President Nelson Merentes said that the consumer prices index “was associated to the upwards pressure generated on wholesale prices by a greater dynamism from domestic aggregate demand”. Read full article

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GeoffWard2
The economic expansion accompanied by a high inflation rate parallels Argentina; . . . . only Venezuela has oil.

http://www.shutterstock.com/pic-276394/stock-photo-vintage-photo-of-two-drunk-men-holding-each-other-up.html
Jan 03rd, 2012 - 04:32 pm - Link - Report abuse 0
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