Problems relating to Trade and Investment on Venezuela
26. Others |
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Issue |
Issue details |
Requests |
Reference |
| (1) Exacerbated Inflation | - Hyperinflation in excess of 50% continues, pushing up radically prices on all kinds of goods and services, causing operational cost increase, in FY 2013 as much as [52.7%]. On the other hand, GOV puts the cap of about 30% on gross profit for electric home appliances, squeezing P/L. |
- It is requested that GOV implements polity to control inflation. | |
| (Action) - IMF forecasts of the inflation rates in Venezuela: 190% - 2015, 210% - 2016 against the results of 68.5% in 2014. |
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