EL UNIVERSAL
CARACAS, Friday September 05, 2008 | Update
Inflation estimated at 37 percent in 2009
The price of oil is expected to average USD 92 per barrel —a decrease with respect to the average price of USD 100 in 2008
Economy
Forecasts show that inflation will range between 32 percent
and 37 percent by the end of next year, said Cristina Rodríguez,
a member of the financial consulting firm Metroeconómica.
During her participation in the event How to draft a budget
for 2009?, organized by the Venezuelan-American Chamber of
Commerce and Industry (Venamcham), the economic expert said
that there will be not only a price increase higher than estimates
for that year, but also a decline in the price of crude. However,
Rodríguez admitted that oil prices will remain high.
She said that the price of oil will average USD 92 per barrel.
This implies a decrease with respect to the average price
of USD 100 in 2008.
On the Cover
CNE has received no application for constitutional reform
05:51 PM. Politics. The chair of the National Electoral Council (CNE) Tibisay Lucena said on Wednesday that the CNE has not received any request to hold a referendum in order to approve a constitutional reform for continued presidential reelection. Lucena said that once such application is made, the CNE will analyze it as appropriate, in accordance with its constitutional duty.
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