Venezuela inflation running at annualized 45.4%; government “admits economic success debt”

Wednesday, September 11th 2013 - 22:06 UTC

Full article 6 comments

Venezuela's annual inflation rate hit 45.4% in August, the central bank revealed this week, the highest in five years and the highest in the region, even as consumer price increases slowed from the previous month. Read full article

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bushpilot
I smell a coup attempt coming on.
Sep 11th, 2013 - 10:28 pm - Link - Report abuse 0
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Nosregor
Sorry, that will not happen. The country is run by the Generals. Maduro and Co are just the window dressing.
Sep 12th, 2013 - 10:06 am - Link - Report abuse 0
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ChrisR
@ 2

So I suppose the Military Intelligence is in control of the economy?
Sep 12th, 2013 - 01:00 pm - Link - Report abuse 0
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Nosregor
Poignant question ! The Military are very active in the “informal” economy which now includes the distribution of many foodstuffs, cement, rebar, and gasoline distribution (very lucrative on the borders with Colombia and Guyana)..leaving the regulation of what remains of the “formal” economy to Maduro and Co.
Sep 12th, 2013 - 03:15 pm - Link - Report abuse 0
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CJvR
@3
“So I suppose the Military Intelligence is in control of the economy?”

Given the outcome more like the Military Stupidity.
Sep 13th, 2013 - 05:25 pm - Link - Report abuse 0
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ChrisR
5 CJvR

Yes, my comment was meant to show up the oxymoron element!
Sep 14th, 2013 - 09:06 am - Link - Report abuse 0
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