A picture is worth 10,000 words, #1: Food Inflation

December 6, 2006

I like charts and graphs. I will start an erratic (in time!) series of charts which tell a self-explanatory story about what is going on in Venezuela under the revolution. I start with this fairly simple one: Twelve month Food and Beverage inflation for each of the last twenty four months. Simply note that 56% of the items in this category fall under the regulated category and that the lowest srata of the population spend 80%-plus of their income on food.


Source: Venezuelan Central Bank

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: