Tag: Venezuela inflation rate

• Sunday, January 26th 2014 - 12:06 UTC

  Maduro sets limits on company profits and prison terms for hoarding or over charging

  

  Venezuela decreed a new price control law that sets limits on company profits and establishes prison terms for those charged with hoarding or over-charging, part of populist President Nicolas Maduro's efforts to tame inflation.

• Friday, November 8th 2013 - 06:00 UTC

  Venezuela joins the hyperinflation club: 54.3% in last twelve months and climbing

  

  Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999. The news was released by the central bank on Thursday which also revealed that the scarcity index had reached its highest level since 2009.

• Friday, October 11th 2013 - 13:28 UTC

  Venezuela inflation soars to 49%; Maduro promises more dollars to help with imports

  

  Venezuela's annual inflation rate rose to 49.4% in September, from 45.4% in August. Consumer prices increased 4.4% month-on-month, the central bank said, compared with 3.0% in August. It was the highest annual rate since the Venezuelan government changed the formula used to calculate the figure five years ago.

• Wednesday, August 7th 2013 - 14:12 UTC

  Venezuela inflation in July 3.2% and 42.6% in the last twelve months

  

  Venezuela consumer prices last month rose at the fastest pace since the index was created in 2008 amid worsening shortages of staple goods such as meat, sugar and milk. Prices rose 42.6% in July from a year earlier and 3.2% in the month, the central bank said in an e-mailed statement on Tuesday.

• Monday, April 1st 2013 - 09:55 UTC

  Venezuela auctions dollars; value is estimated at double the official rate

  

  Venezuelan government foreign currency auction for local importers has triggered de-facto currency devaluation, the second in less than 50 days, analysts said. Venezuela has had strict currency exchange controls since 2003 in an attempt to halt capital flight, under which the government sold limited amounts of foreign currency at an official rate.