President Chávez's administration announced its budget last week, allocating nearly 40 percent of funds for 'supreme happiness.' The budget's ambiguous nature, however, has made some distinctly unhappy.
The consumer price index jumped only 0.6 percent last month, despite a 7 percent increase in gas prices. High gas prices have taken its toll on consumers this year.
Karlsson responds to readers' comments on his translation of monthly changes to annualized rates in his previous post on inflation.