Venezuela

    Only six months away from the moment when the board of the Central Bank of Venezuela (BCV) crowns the economy and trumpets the birth of the new strong bolivar, the Venezuelan legal tender is under fire from the highest inflation rate in Latin America. Between May 2006 and May 2007, prices climbed 19.5 percent in the Bolivarian Republic of Venezuela, followed by Costa Rica, where inflation soared 9.17 percent. The lowest inflation rates in the region are seen in Peru, 0.94 percent; Chile, 2.90 percent; Brazil, 3.18 percent; Mexico, 3.95 percent and Colombia, 6.23 percent. (El Universal)

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