Venezuela finmin sees 1-2 pct Aug inflation

* Sees prices slowing toward year-end

* Central bank August inflation data due this week

CARACAS, Sept 6 (BestGrowthStock) – Venezuelan consumer prices rose
between 1 percent and 2 percent in August, Finance Minister
Jorge Giordani forecast on Sunday, adding that inflation had
started to decelerate.

“After the inflation we had in July, we are waiting for the
central bank’s date for August to see that it will maintain a
range of between 1 and 2 percent,” Giordani said in an TV
interview. He said prices increases slowed in July and would
continue this year.

The central bank is due to publish August price data this
week.

Venezuelan consumer prices rise faster than almost anywhere
else in the world. In July, 12-month inflation was 30.5
percent.

Price rises usually accelerate in the OPEC nation during
the last three months of the year, but data is calculated year
on year, so they could show a drop compared with 2009.

Giordani also said the recession-hit economy is recovering
and should start growing by the end of the year. For details,
see [ID:nN05172294]
(Reporting by Marianna Parraga; writing by Frank Jack Daniel;
editing by Jeffrey Benkoe)

Venezuela finmin sees 1-2 pct Aug inflation