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Lower-income households have benefited from better prices on basic goods.
Price controls on basic goods are to be scrapped from Sunday.
There was also the fear that it was not over: stores reported a run on basic goods.
EIGHT years after Hugo Chávez's socialist government imposed strict price controls on basic goods, Venezuela has the world's highest inflation rate to show for the effort.
The government has tried to defuse the situation by announcing $125 million in subsidies on basic goods and fuel and a pay increase for civil servants.
What little prosperity most Romanians enjoyed came from populist policies that could not last: price controls on basic goods and an over-valued exchange rate, which sucked in imports but hammered exports.
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Importers have also not been able to pay their bills, raising concerns about shortages of basic goods on an island that imports almost everything it consumes.
To soften the impact of a 36 percent devaluation of the currency, the government recently placed price controls on a range of basic goods and foodstuffs, like macaroni and cheese.
Despite the difficulties, however, many Venezuelans stand by the president and his party, which blame the shortages of basic goods on what they see as an economic war to destabilize the government.
It covers a vast region where unemployment is relatively low, foreclosures still rare and much of the economy centers on the production of basic goods like foodstuffs, specialized equipment and energy.
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