CARACAS, Tuesday December 18, 2012 | Update

Standard food basket hits USD 452.57 in November

According to the National Statistics Institute (INE), the price of the standard food basket climbed 2.69% as against October, when it amounted to USD 450.46

Tuesday December 18, 2012  05:23 PM
Venezuela's standard food basket stood at USD 452.57 in November, soaring 2.69% with respect to October (USD 450.46). 

Based on a report compiled by the National Statistics Institute, the new price is attributable to the rise in the price of eggs (up 35.63%), tomatoes (up 23.77%), domestic oranges (up 12.41%), mangos (up 10.08%), plantains (up 8.02%), pineapples (up 5.62%), mayonnaise (up 5.24%), onions (up 4.91%), and chicken (up 4.62%). 

Regarding the drop in the price of some staples, the most significant were those in yucca, vegetable oil, kidney beans, black beans, potato, and oats and its by-products.

Translated by Jhean Cabrera
This is all there is

A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.

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