Economy / Venezuela
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Macroeconomic Forecast Venezuela
November 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Headline Consumer Price Inflation (CPI) came in at 15.5% y-o-y in October, reaching the highest level of the year so far. Venezuela is currently experiencing the fastest rate of inflation in Latin America, which is mainly the result of large government fiscal expenditure (including generous Christmas bonuses for civil workers), production constraints by private companies and capital controls. We forecast that CPI will reach a year-end level of 16% in 2006 and 15% in 2007.