Thursday, September 11, 2014

Maduro optimistic about inflation induced by Economic War

In a meeting yesterday with business people, “of both public and private sectors,” Nicolás Maduro had this to say about the latest inflation figures reported by the Central Bank:

“We have been affected by an inflation induced by the various mechanisms of an economic war, but we can notice that inflation is now showing a tendency to decelerate and to go down: In June it was 4.4%, which is still high, in July 4.1%, and in August it closed in 3.9%, and with work, production, investment, and the combat of the mechanisms of smuggling, we can maintain this tendency and begin the year 2015 with a positive tendency regarding inflation.”

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