http://www.gpb.org/news/2013/12/11/as-inflation-soars-venezuelas-leader-opts-for-drastic-steps
Venezuela's President Nicolas Maduro has closely followed the economic
policies of his predecessor, and by one measure, he has already outpaced
Hugo Chavez inflation.
Inflation has hit 54 percent this year,
giving Venezuela one of the highest rates in the world and far
surpassing the relatively high rates under Chavez, which sometimes
topped 20 percent a year.
Many basic goods like milk and toilet
paper are in short supply, and this has cut into support for Maduro, who
was the vice president under Chavez and was elected in April, a month
after the former president died of cancer.
Economists say that
many of Maduro's policies are only making things worse like ordering
business owners to empty their warehouses and slash prices. Shoppers are
delighted but shop owners are dismayed.
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