As woes mount, economic stats vanish in Venezuela

A customer walks past empty shelves at a supermarket in Caracas, on January 22, 2012Prices keep rising in Venezuela, economic activity is sputtering and shops struggle to fill their shelves. The last time the central bank and the national statistics institute published the annual inflation figure was in May, when the indicator rose to 61 percent, the highest in Latin America. “This destroys the credibility of the central bank. There has never been this kind of a delay for as long as we have been measuring inflation,” said economist Jose Guerra, a former economic research chief at the bank.

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