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Orinoco overflow...


Looking at the IMF Inflation figures and the CPI (Consumer Price Index measures changes in the price level of 'a typical basket of consumer goods and services' etc and services purchased by households); the rate of inflation is the rate of change of the average CPI and the map (left) indicates those levels. Venezuela and a handful of central African nations are "25% or more"; OK doesn't sound too bad does it?  However, there's a few more zeros on Venezuela's, HERE. Gross domestic product per capita is falling like a stone and even HALVED between last year and this.

A good overview of the whole Venezuelan crisis is HERE, although only updated to March this year so nothing about the recent sham elections. "The humanitarian crisis has spilled across Venezuela’s borders, with as many as five hundred thousand fleeing in the past two years. Many have crossed into neighboring Colombia and Brazil, while others have left by boat to the nearby island of Curacao." I can tell you it is also Chile, Peru, Ecuador, Panama, Costa Rica, Dominican Republic, El Salvador Mexico etc. Several holes in heads needed smartish. 


This post first appeared on Owsblog..., please read the originial post: here

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