For Mr. Carlos Presence
Jury Association Bulletin 37 of the Public Policy Comprehensive
One of the greatest tragedies that we are living in Venezuela, is having to face each month, with uncontrolled increases in many products necessities, especially food, and the various services that are part of everyday life, from an appliance repair until try to get a replacement very expensive and difficult to locate, for any kind of equipment, large or small.
Little has been said about the rates of inflation in our country over the past 45 years, but what we do know without exception, is that today we are the country with the highest inflation in Latin and one of the highest in all the world.
analysis on "Public Policy" must be accurate and especially counselors, to the time you say things with absolute accuracy and accountability, so we're going to give figures that will astonish many, and very few Venezuelans remember. The truth must be taken as historical fact and never attack.
From 1965 until late 1973, with presidents, Raúl Leoni and Rafael Caldera (first government), inflation was always in single digits, ie less than 10%.
The first government of Carlos Andrés Pérez (1974-1978), also had a single-digit inflation, with the exception of 1974, which, for the first time such behavior is broken and is reached 11.84 % inflation. Under President Luis Herrera Campins, (1979 -1983), the first three years were tremendous for the economy, with inflation between 10.44 and 20.40, but his final two years of government were more focused and managed to subdue inflation to single digits again.
The three presidential terms between 1984 and 1998, were very erratic and severe lack of control for inflation. Lusinchi generates higher inflation in 1987 known to date, which was 40.27%. President Perez in 1989, the year of Caracazo, leads the country known to the higher inflation, which reached 81%, however, who shot inflation to an unexpected and brutal figure for any economy, it was President Caldera in second administration, when global economic shocks the world in 1996, with inflation at 103.24%. Incredible but true.
The current government since 1999 has been run between 12.30 and 32%, but getting closer to a generalization of 30%. The most serious issue is that with inflation dangerously close to stagnation, by 30%, any household economy collapses, then every three years, everything costs twice as much or more, while revenue recorded only small changes that create poverty more evident.
is very disappointing to hear the representative of the finances of a country so attacked in their prices, with a message of joy of course, saying that we are overcoming the terrible scourge of inflation, through a sound policy economic, allowing you to announce that this year 2011, inflation will rise from 30%.
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