Venezuela's Consumer Prices Climbed 56% in 2013

CARACAS—Venezuela’s consumer prices rose 56% in 2013 as the rate of economic growth slowed sharply to 1.6%, officials said Monday.
The preliminary numbers given out by the central bank and by President Nicolás Maduro compare to the oil-rich country’s 5.6% economic expansion and 20% inflation recorded last year, and underscore the challenge faced by Mr. Maduro, who earlier this year inherited the heavy state-spending policies of his…

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