Via the International Herald Tribune:
Venezuela's annual inflation has reached 33.7 percent in July in metropolitan Caracas.
Economist Abelardo Daza says inflation soared in the last 12 months largely thanks to a financial tax introduced last November.
He says May's elimination of the tax helped monthly price increases slow to 1.9 percent in July — down from 2.4 percent in June....MORE
Umm, that's still compounding along at 25%/annum.
Some recent headlines:
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The autocrat of Caracas
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