Reuters: Market News: Venezuela March inflation 0.9 pct - Chavez

Reuters: Market News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Venezuela March inflation 0.9 pct - Chavez Mar 31st 2012, 19:16 CARACAS, March 31 | Sat Mar 31, 2012 3:16pm EDT CARACAS, March 31 (Reuters) - Venezuela's consumer prices rose 0.9 percent in March, down from 1.1 percent the previous month, President Hugo Chavez said on Saturday. The South American nation had the highest inflation in the Americas last year at 27.6 percent, and economists had expected it to be even higher in 2012 due to a pre-election spending bonanza by Chavez's government. But officials have sought to combat inflation with new price controls on some basic goods in food, health and other sectors from the end of last year. "There's good news," Chavez said in comments carried live on state TV. "Inflation for March, which ends today, was less than 1 percent, it was 0.9 percent. We must congratulate those working on this issue, the Central Bank of Venezuela."

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions