Article

2010-05-09 Caribbean-Latin America

Venezuela annual inflation rate hits 30 percent

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Posted by gorb 2010-05-09 05:34|| || Front Page|| [1 views ] Top

#1 I don't think ours is 30% (yet), but it sure seems a lot higher than the published numbers. Do they add in house prices to keep the numbers down?

Posted by Glenmore 2010-05-09 08:13|| 2010-05-09 08:13|| Front Page Top

#2 I believe it was 2% in March alone...(according to the gummit). At that rate it's 24% per year. It's going up, it has to. They've borrowed mountains of money and the only way out is to devalue the stuff. It's the old 40 year inflation ponzi cycle on steroids.

Posted by Besoeker 2010-05-09 08:21|| 2010-05-09 08:21|| Front Page Top

#3 Do they add in house prices to keep the numbers down?

In the US it's the obverse. Home prices are specifically kept out of the CPI and that is how the US government cooks the books on inflation.

Posted by badanov 2010-05-09 11:42|| http://www.freefirezone.org 2010-05-09 11:42|| Front Page Top

#4 Wizard of Id Quip

Rodney: "Sire, the peasants are revolting!"

King: "What else is new?"

Posted by borgboy 2010-05-09 19:50|| 2010-05-09 19:50|| Front Page Top

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