That is right, good news!!!! After a 6% in May now we are down to 4.7% inflation for June! Expect the regime to gloat on that, they is enough stupid around for some of them to say it so.
That gives us for 2013 a 25% inflation total for the first semester and an expected +/- 40% for year's end. Keep in mind that those are "official" numbers but that in the private sector we work with an expected inflation for the year of at least 50%. Note that the food inflation alone was 5.8%, the number that matters the most for el pueblo. But they keep voting for chavismo, they must be happy. "Viva Chavez! Carajo! Ahora si tenemos patria!" They will get the expected 55% inflation for food...... for the year. Let's see what happens then when even the potential 40% minimum wage is indeed granted as promised.
That gives us for 2013 a 25% inflation total for the first semester and an expected +/- 40% for year's end. Keep in mind that those are "official" numbers but that in the private sector we work with an expected inflation for the year of at least 50%. Note that the food inflation alone was 5.8%, the number that matters the most for el pueblo. But they keep voting for chavismo, they must be happy. "Viva Chavez! Carajo! Ahora si tenemos patria!" They will get the expected 55% inflation for food...... for the year. Let's see what happens then when even the potential 40% minimum wage is indeed granted as promised.