Catching up: Inflation up 5.5% in February

March 5, 2003

Going through things that happened in my absence I find the news that inflation was up 5.5% in the month of February, (this is not 5.5% annualized, this is only February) which Hugo Chavez immediately blamed on the opposition. Imagine, this is the first month with price controls! Now, according to the Central Bank, food and beverages went up “only” 4% thanks to price controls. Way to go! 

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