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Climbing inflation was compounded by an unusually harsh monsoon, which destroyed food crops along the flood plains in July.
Already concerned about the climbing inflation rates recorded over much of 2007, the government has refused to let electricity prices rise.
Mr. Chávez's opponents here grasped for reasons as to why he chose this moment for the intelligence overhaul, with his government grappling with economic problems like climbing inflation and slowing economic growth even as the price of oil, the lifeblood of Venezuela's economy, remains near record levels.
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Tax revenues are climbing and inflation is muted.
He responded in particular to a current argument of many gold investors — that gold prices are climbing because inflation is higher than it appears.
In spite of the recession, families have seen their monthly incomes nudge very slightly ahead of inflation, climbing 4 per cent since May 2011, compared to the latest CPI inflation rate of 3 per cent.
It aimed its message at voters who are struggling in the hard times brought on by climbing unemployment and inflation, the devastation in Christchurch and a slump in agricultural exports and tourism on the back of international recession and the strong Kiwi dollar.
With inflation climbing faster than most people's wages, a growing number of Americans are finding themselves unable to afford basic things like food and transportation.
The prices of TIPS, whose principal is protected against inflation, have been climbing, while their real (inflation-adjusted) yield has moved in the opposite direction.
Given the likelihood of increased inflation and climbing interest rates, bonds may not be the safest place anymore.
Inflation kept climbing and reached 5percentt in June, despite government restrictions on price increases in many sectors of the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com