Venezuela: after election of Chavez, inflation to take hold

Posted on December 3, 2012 • Filed under: Economy, Politics, Venezuela

Upon the reelection of Venezuelan President Hugo Chávez, the government is clearing the way to inflation, thus far contained. With intent to upgrade people’s purchasing power, government authorities put the rise of regulated goods on hold until after the presidential election. Having attained the political objective, a period has started where staples will be unavoidably more expensive. Read Article

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