March 04, 2008

Latest Inflation Figures

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After twenty years of relative stability, the ugly word has returned to Bolivian reports: INFLATION.
Now the talk is about 20% inflation per annum. That is having visible and clear effects on people's lives. Already, the long forgotten shortages of bread, flour and sugar, are back and the marches against the rise of prices are taking place.
Inflation is an ugly word in Bolivia because it tends to be associated with crisis and instability (not that Bolivia is not known for that already).