Venezuelan Inflation Getting Out-Of-Control
According to MercoPress:, Venezuelan inflation rose by 2.7% from June to July. That puts the figure at 25.1% year over year -- that's the highest in Latin America.


“Given that the Government has yet to raise prices on a number of items and that September is typically one of the worst months of the year for the INPC, we do not foresee any drop in inflation for the coming months” said Miguel Octavio, head of research at Caracas investment bank BBO.
Here's how inflation looked in other sectors of the economy:- Restaurants and Hotels up 2.2%
- Culture and Entertainment up 1.9%
- Diverse Goods and Services up 2.1%
- Transportation up 1.9%
- Housing Services down 0.2%
- Communications up 0.2%.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.