AP / F.SANCHEZ/ Long read
The government recently reported an annual inflation rate for 2011...of 27%.
Only Ethiopia...with 31.5%...has a higher rate.
Experts predict that President Hugo Chavez will spend and print more money...ahead of his re-election bid.
Barclays projects more than 36% inflation there in 2012.
Venezuela has led the Americas in inflation for 6 consecutive years.
And Chavez increased the amount of the currency...bolivars...about 40% in 2011.
His popularity however continues to hover around 50%.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- VENEZUELA: Chavez Will Nationalize 11 U.S. Drilling Rigs.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- MEXICO : Narcos Hoist Banners In Guanajuato... Demanding Peace For Pope's Visit.
