ESPACIO PUBLICITARIO
CARACAS, Wednesday November 07, 2012 | Update
 
|
share
|
ECONOMY

Shortage in October near its peak in 53 months

Based on data recorded in September, shortage in October hiked 2.5 points

An economist and central bank's former research manager said shortages are attributed to restrictions in the delivery of US dollars by the Foreign Exchange Administration Commission (Cadivi) (File photo)
ENDER MARCANO |  EL UNIVERSAL
Wednesday November 07, 2012  01:51 PM
So far this year, shortage as measured by the Central Bank of Venezuela (BCV) has recorded ups and downs. In October, it reached 16.1%, the second highest rate over the last 53 months.

This figure is surpassed only by a 16.2% leap reported early in January. Meanwhile, the highest rate was recorded in 2008, at 16.3%. At that time, the indicator was slowing down after a historic peak (24.7%) in January 2008.

Shortage is measured by the BCV based on the National Consumer Price Index (INPC) with figures from Caracas, the capital of Venezuela. It is defined as the percentage of goods that cannot be found on the market regardless of their presentation.

When considering September data, it is evident that shortage grew 2.5 points. In other words, consumers found two and a half times fewer products in October with respect to September.

Economist and central bank's former research manager José Guerra explained that said increase in shortages is mainly due to the number of restrictions in the delivery of US dollars by the Foreign Exchange Administration Commission (Cadivi). 

enmarcano@eluniversal.com

Translated by Jhean Cabrera
|
share
|
ADVERTISING SPACE
Dossier
The end of a cycle

Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."

fotter clasificados.eluniversal.com Estampas
Alianzas
fotter clasificados.eluniversal.com Estampas
cerrar