Shortage in October near its peak in 53 months
Based on data recorded in September, shortage in October hiked 2.5 points
This figure is surpassed only by a 16.2% leap reported early in January. Meanwhile, the highest rate was recorded in 2008, at 16.3%. At that time, the indicator was slowing down after a historic peak (24.7%) in January 2008.
Shortage is measured by the BCV based on the National Consumer Price Index (INPC) with figures from Caracas, the capital of Venezuela. It is defined as the percentage of goods that cannot be found on the market regardless of their presentation.
When considering September data, it is evident that shortage grew 2.5 points. In other words, consumers found two and a half times fewer products in October with respect to September.
Economist and central bank's former research manager José Guerra explained that said increase in shortages is mainly due to the number of restrictions in the delivery of US dollars by the Foreign Exchange Administration Commission (Cadivi).
Translated by Jhean Cabrera
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.