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
- BOLIVIA: Morales Opponent Governor Removed By Legislature.
- CUBA: Food Processing Limitations Cause Waste.
- Brasilian Senator Admits We Are "A Bunch Of Crooks."
- Profile of a Cuban Spy
- Mexican Court Frees 22 Convicted Of Chiapas Killings.
- ARGENTINA: 2 Prisoners Escape As Dummy Stands Guard.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- MEXICO : Narcos Hoist Banners In Guanajuato... Demanding Peace For Pope's Visit.
- ARGENTINA: Reciprocity Tourist Tax Begins.
- BRASIL: Profile: Central Bank Chief Alexandre Tombini.