Tuesday, July 05, 2005
In catching up on the news I noticed the Venezuelan Central Bank released a report showing that in June inflation was a .6% which is significantly lower than it had been. In May inflation had been 2.5% and in June 2004 it was 1.9%. Year to date inflation is 8% whereas at this point last year it was 11%. Hence, the donward trend for inflation since the end of the opposition sabotage of 02/03 continues. Growth up, employment up, inflation down, income up for the poor - its amazing what happens when Chavez is allowed to govern.