Inflation in November smashes 2.3%
The item of food and non-alcoholic beverages is among the highest increase ( 3.2%)
Inflation in Venezuela in November stood at 2.3%, according to data supplied by the Central Bank of Venezuela (BCV). This number is similar to that of November 2011, at 2.2%.
With this result, accumulated variation by November 2012 stands for 16%, more than nine percentage points below 25.4% the same term last year. For its part, annualized variation accounted for 18%, far below 27.6% the same term last year.
The item of food and non-alcoholic beverages was among the highest increase (3.2%) and below the 4.9% variation for the item of alcoholic beverages and tobacco.
In November, both items of entertainment and culture, and apparel and footwear recorded a 2.3% variation; household furniture and fittings varied at 2.2%.
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.