Monday, July 21, 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.

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