ESPACIO PUBLICITARIO
CARACAS, Friday January 11, 2013 | Update
 
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INFLATION | According to the central bank

Venezuela's inflation in December up 3.5%; ends at 20.1% in 2012

The food sector recorded the largest raise in prices during the last month of 2012 as it grew 5.7%. Shortage, meanwhile, reached its highest point ever since early 2008, at 16.3%

Food prices increased by 5.7% during December (File photo: Enio Perdomo)
ENDER MARCANO |  EL UNIVERSAL
Friday January 11, 2013  03:27 PM
The Central Bank of Venezuela (BCV) on Friday said that the National Consumer Price Index (CPI) climbed 3.5% in December, from 2.3% in November.  Thus, inflation jumped for the fourth consecutive month and continued to grow in the last quarter of 2012.

The BCV said that inflation throughout 2012 stood at 20.1%, slightly higher than the number estimated by the central bank president (19.9%) in his year-end message.

The sector with the largest rise was food prices (up 5.7%). Transportation climbed by 3.3%, while clothing and footwear, and restaurants and hotels jumped 3.1%. Leisure and culture increased by 2.7%.

Regarding the shortage index in the Metropolitan Area of Caracas, the central bank said it increased to 16.3% in December – the highest level since January 2008, when shortage hit its highest level ever at 24.7%.
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Carrero: fresh out of The Tomb

Why did Gerardo come to Caracas? One day he took the decision, handed the car keys to his father, gave him his share of the cloth business they both owned in San Cristóbal and kissed his wife and two sons goodbye. "He told us he was going to continue fighting for Venezuela," the wife says. That was in mid-2013. He has been imprisoned since May 8, 2014.

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