Name:Karanveer Singh UID:14BCM1107

Topic:Cement

Analysis: When Chávez took office, the annual inflation rate was at 29.5% and according to

Banco Central de Venezuela, inflation dropped to 14.4% in 2005.[131][132][133] During 2005, imported

goods were cheaper than commodities made in Venezuela; variability in the price of goods was

linked to import performance and exchange stability.[132] In the second quarter of 2006, gross fixed

investment was the highest ever recorded by the Banco Central de Venezuela since it started

tracking the statistic in 1997.[134]

In 2009 the inflation rate was 27.1%.[135] According to the Economist, the Chávez government's

economic policies, including strict price controls, have led to Venezuela having the highest inflation

in the world at the time.[136] When Chávez left office, the inflation rate was at 29.4%, which was .1%

less than when he first took office.

URL:

http://en.wikipedia.org/wiki/Economic_policy_of_the_Hugo_Ch%C3%A1vez_government