Venezuela’s inflation rate at 9.8 percent

Posted on September 6, 2012 • Filed under: Economy, Venezuela reported that the Central Bank of Venezuela (BCV) has announced that accumulated inflation from January through August slowed down and stood at 9.8%. BCV’s Chairman Nelson Merentes and Finance Minister Jorge Giordani said this was a highly positive result.

Last year, accumulated inflation accounted for 18.6% during the same period.

“By the end of the fiscal year inflation may be below the estimated levels, 20-22%,” Merentes reckoned. Read Article

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