CARACAS (Reuters) – inflation in Venezuela placed in March by 0.9 per cent, the lowest level in four years, said Saturday President Hugo Chávez, hours before leaving for Havana to continue a treatment against cancer.
Analysts expected indicator to be higher due to increased government spending months of the presidential election on October 7.
However, the Government says that it is fighting inflation with more controls such as those provided for in a law of costs and prices righteous to try to stop the advance of the prices of a wide range of consumer products in a phased approach.
“There is good news.” “Inflation in March, which ends today, was less than 1 per cent, from 0.9 per cent inflation for the month of March, should be congratulated all those who work in this area, to the Central Bank of Venezuela”, said Chavez in a televised event.
In February, the indicator slowed to 1.1 percent, said the Central Bank’s Venezuela.
Venezuela closed the 2011 inflation was 27.6 per cent, one of the highest in the region.
In what is 2012, the national index of prices to the consumer (NCPI) builds up a rise of 2.6 per cent, while measuring annualized February was of 25.6 percent, compared to 28.7% in the same period previous.
Chavez, to be presented at the October presidential elections, also said that it will return in the next few hours to Havana to continue his treatment for cancer.
“I have to get out of travel, you know, to continue battling in Havana,” he said.
Chavez returned from Cuba on Thursday morning after undergoing the first cycle of radiotherapy of the five who said that you will receive.
(Tomas Buitrago report.) (Edited by Patricio Abusleme)
