Agoracom: Small Cap Investment - Crystallex International - Ven's Inflation Factor has got Them all Beat

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Ven's Inflation Factor has got Them all Beat

posted on Jun 17, 2008 06:21PM

In May 2007-May 2008, inflation in Venezuela rose to 31.4 percent, the highest rate in Latin America. Official numbers show that in the same period, Mexico accrued 4.95 percent, Peru 5.39 percent, Brazil 5.58 percent, and Colombia 6.39 percent. In the last 12 months, food prices in Caracas skyrocketed 47.3 percent, compared with 9.73 percent in Colombia and 9.2 percent in Peru.

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