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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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