Thursday, November 01, 2007

Meassuring the inflation due to the new currency truncation 

October was a dissapointing month on the inflation front, but not unexpected, since the 1st of the month all business had to convert to Bs. F pricing nomenclature leading to what was warned would lead to inflation on arithmetic alone. Well here are the results.

It was 2.4% compared with 1.3% for September 07 and 0.7% October 06.

We are more or less on par with last year, but we might finish a tad better since the change already took place.



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