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Latin News Daily Report - 21 December 2011

Venezuela’s stubborn food price inflation

Development: On 20 December the national statistics institute (INE), reported that the basic food basket for a family of five cost BF1,710 (US$398) in November, up 2.55% month-on-month and 25.8% year-on-year. Overall national inflation was 27.6% year-on-year to November.

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