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Peru and Venezuela Inflation Rises

Jun 4, 2007

May consumer price data shows Andean countries suffering the same problem as much of the rest of the region: inflation. According to the government statistics agency INEI, the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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