Venezuelan inflation shoots up to 22.5%

The Central Bank of Venezuela said on Wednesday that inflation in the metropolitan area of Caracas, the country's capital, hit 22.5% in 2007, the highest official rate in Latin America.

Rodrigo Cabezas, Venezuela's finance minister described the rate, which is more than ten percentage points above the 12% target that Hugo Chavez set at the start of last year, as "unsatisfactory."

Inflation for the region was up from 17% in 2006. But the monthly rate of inflation did drop slightly in December t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: