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Caribbean-Latin America
Venezuela purchasing power drops 162%
2010-03-17
El poder adquisitivo cayó 162% en los últimos 11 años
Economistas creen que el incremento del salario mínimo decretado por el Presidente sera insuficiente porque la inflación podría estar cerca de 40%. Entre los 10 productos con mas inflación estan bebidas alcohólicas y no alcohólicas, periódicos, libros, artículos de papelería, servicios médicos y paramédicos, vehículos y seguros

12 de marzo 2010 | 06:25 am - Alejandro Hinds
Basically what this says is That since Chavez took control purchasing power has dropped 162%. In other words if, pre-Chavez, you could buy 100 potatoes, you can now only afford 62 anti-potatoes.
Posted by:Deacon Blues

#8  Okay, I'll bite, is there such a thingy as "ZERO TO NEGATIVE 62" POTATOES???

Gut nuthin.
Posted by: JosephMendiola   2010-03-17 23:52  

#7  Translation of the quoted section:

Purchasing power fell 162% in the last 11 years. Economists believe that the increase in minimum wage decreed by the president was not enough, because the inflation rate is around 40%. Among the ten products with the most inflation are alcoholic beverages and nonalcoholic beverages, newspapers, books, paper goods, medical services and paramedic services, vehicles, and insurance.
Posted by: mom   2010-03-17 21:58  

#6  Is that sulfur that I smell?
Posted by: Asymmetrical Triangulation    2010-03-17 21:46  

#5  It makes perfect sense to me, but then again, I just filed my CA state tax return.
Posted by: bigjim-CA   2010-03-17 13:56  

#4  So if you gave a guy $10 for 100 potatoes, he'd pocket your money and ask YOU for 62 of your potatoes to make the transaction even.
Posted by: bigjim-CA   2010-03-17 13:54  

#3  I wonder if their health insurace premiums dropped 3000%?
Posted by: tu3031   2010-03-17 13:31  

#2  The original Hope and Change guy.
Posted by: DarthVader   2010-03-17 13:08  

#1  Is that like 110% effort?
Posted by: ed   2010-03-17 12:59  

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