Inflation in November smashes 2.3%

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%.