Central bank reports critical shortage of six staples at the end of 2012
Serious shortage of chicken, white cheese, and milk was recorded
The shortage index showed the following results per every 100 shops visited: pre-cooked corn flour, 43.3%; wheat flour, 76.8%; edible sunflower oil, 86.1%; edible corn oil, 56.8%; edible mixed vegetable oil, 67.1%; sugar, 78.1%
According to the BCV's index, nine basic staples recorded serious shortage (21-40%) in December, namely chicken, 21.5%; jam, 36.6%; white cheese, 29.7%; powder and liquid milk, 32.2-22.1%, respectively.
The overall shortage index was reported at 16% in December, according to the central bank.
Despite the results, the Superintendent of Costs and Fair Prices, Karlin Granadillo, said that basic staples supply is normal in the country and rejected claims of food shortage.
Translated by Jhean Cabrera
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.