Tuesday, July 22, 2008

Time to pass out the WIN buttons

From the RTE Blog:

Fight Inflation the Venezuelan Way: Haggle

Venezuelan Agriculture Minister Elias Jaua asked consumers to start bargaining over prices with retailers to try to curb inflation.

“The most important help that people can give us (in fighting inflation) is that they defend their income. We can’t get used to buying everything at any price,” Jaua told reporters . “If we all start haggling over prices, speculators are going to start feeling pressured,” Jaua said....

The country’s annual inflation rate climbed to 32.2% in June....The Venezuelan government commonly blames speculators for the price increases.

For those too young to understand the title of this post, click here.