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

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