Venezuela President Nicolas Maduro is vowing to expand price
controls in a bid to battle rampant inflation. Maduro said Tuesday he will
increase enforcement of rules that limit the profit retailers can make. He also
said he would expand price controls to all goods and services, and said no
profit margin should exceed 30 percent. He did not provide details about how
the new system would be put in place. Critics blame existing price controls for
increasing shortages in the country, partly because many businesses say they
cannot cover costs without getting a government-subsidized exchange rate, and
that can be hard to obtain at a time when falling oil prices have squeezed
government revenues. More…
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