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Venezuela inflation slows to 1.9 percent in October
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| Published on Friday, November 6, 2009 | Email To Friend Print Version
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CARACAS, Venezuela (Reuters) -- Venezuela's consumer prices climbed 1.9 percent in October but were at their lowest monthly rate since June, the central bank said Thursday.
Inflation has soared 20.7 percent in the first ten months of this year, four percentage points lower than the same period last year, the central bank said.
In the past 12 months, consumer prices rose 26.7 percent.
Local economist Pavel Gomez said October's figure may have been the lowest monthly rate since June, and down from September's 2.5 percent, but "even so, it is not a low figure."
He added that extra end-year salary payments would exert upward pressure. "December is a highly inflationary month."
Venezuela's inflation rate, Latin America's highest, was 31 percent last year. The government has forecast 26 percent for 2009.
On Monday, the head of Venezuela's central bank said inflation was his main concern, and he hoped it would be down to single digits in 2012. | | | | Reads : 257 | | | |
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