The Venezuelan
Central Bank (BCV) has firmly adopted the government’s narrative of recent
events in the country.
The long delayed inflation
report for March, titled “Effect of the
recrudescence of the ‘economic war’ on inflation,” was published today. Before
informing that the Consumer Prices National Index (INPC) gained 4.1% last month,
the BCV offered this explanation for the rise:
2013 was a year of
permanent acts of political destabilization, associated a speculative
phenomenon, which altered national production and provoked scarcity and
inflationary pleasures.
…a radical group from
the opposition, guided by its urge to gain power by any means, without
consideration for constitutional order or the will of the people, did not doubt
putting into action various initiatives to generate political destabilization, promote
political tensions, produce a climate of chaotic political and of economic
unease that would stimulate social insurrection, and even provoke the
intervention of their foreign allies.
(…) These irrational
practices produced a series of consequences in terms of the behavior of the
variable associated with the productions and the prices of goods, particularly
of food.
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