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Wednesday, October 07, 2009

Special Reports

Venezuela: World’s Highest Inflation

Peru will have Latin America’s lowest inflation rate this year, while Venezuela will have the highest, the IMF forecasts.

Venezuelan President Hugo Chavez at the Africa/South America Summit last month. Except for one country, Africa now has lower inflation than Venezuela. (Photo: Luis Laya/ASA Press)

Zimbabwe, here represented by capital Harare, is no longer the world's champion in inflation. Venezuela will likely take that position the next five years, an LBC analysis of IMF forecasts shows. (Photo: Gary Bembridge)

BY CHRONICLE STAFF

Venezuela will have the world’s highest inflation during the five-year period starting next year, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.

The forecasts cover 186 countries worldwide. With Zimbabwe getting its hyper-inflation under control and expected improvements in several other African countries, Venezuela stands solidly at the top of the inflation ranking.

Venezuela’s average rate will be ...

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Keywords: Brazil, Colombia, Chile, Dominican Republic, Mexico, Panama, Peru, Venezuela

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From: Oscar Benitez de la Campa

Guatemala

When are the Venezuelans going to open their eyes? After Chavez feast is all over, they will see that the limited oil wealth of their country was "ran sacked and spilled away". We expect better from them, come on...