Venezuelan Inflation Soars Toward 30% as Shortages Mount
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Venezuelan consumer prices soared the most in three years last month as President Nicolas Maduro’s government reduced dollar sales to importers and the central bank’s scarcity index reached the highest on record.
Prices rose 4.3 percent from March, the central bank said today, the most since April 2010 and faster than the 3 percent median estimate of nine economists in a Bloomberg survey. The annual inflation rate climbed to 29.4 percent, up from 25.1 percent the month before and the highest since August 2010.