Inflation in November smashes 2.3%
The item of food and non-alcoholic beverages is among the highest increase ( 3.2%)
Inflation in Venezuela in November stood at 2.3%, according to data supplied by the Central Bank of Venezuela (BCV). This number is similar to that of November 2011, at 2.2%.
With this result, accumulated variation by November 2012 stands for 16%, more than nine percentage points below 25.4% the same term last year. For its part, annualized variation accounted for 18%, far below 27.6% the same term last year.
The item of food and non-alcoholic beverages was among the highest increase (3.2%) and below the 4.9% variation for the item of alcoholic beverages and tobacco.
In November, both items of entertainment and culture, and apparel and footwear recorded a 2.3% variation; household furniture and fittings varied at 2.2%.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."