40% inflation

Discussion in 'Markets & Economies' started by KMGeneral, Jul 25, 2013.

  1. KMGeneral

    KMGeneral Member

    Joined:
    Apr 13, 2012
    Messages:
    258
    Likes Received:
    1
    Trophy Points:
    16
    Location:
    Sydney
    Not hyper-inflation, but certainly not something you want to have happen.

    Source: http://www.reuters.com/article/2013/07/09/venezuela-inflation-idUSL1N0FF0V620130709
     
    KMGeneral, Jul 25, 2013
    #1
  2. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,873
    Likes Received:
    155
    Trophy Points:
    63
    Location:
    EUSSR
    The article states that the general price increasings were led by transport, food and non-alcoholic drinks.
    Those are basic products, and also no temporary stories due to hoarding, thus indicating that the currency is near its end (refusal).
     
    Pirocco, Jul 25, 2013
    #2
  3. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,779
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Sydney
    Neo-imperialism criticising this workers paradise. How dare they spout their propaganda.

    (Sarcasm)
     
    AngloSaxon, Jul 27, 2013
    #3

Share This Page