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Venezuelan May Inflation Quickens, Prices Rise 2.5 Percent

By Peter Wilson

June 1 (Bloomberg) -- Venezuelan inflation quickened in May as a devaluation of the currency earlier this year made imported goods more expensive.

Consumer prices rose 2.5 percent in May after rising 1.3 percent in April, the central bank said on its Web site. The bank weakened the bolivar 10.7 percent on March 3 to 2,147.3 per dollar.

To contact the reporter on this story: Peter Wilson in Caracas pewilson@bloomberg.net.

Last Updated: June 1, 2005 08:46 EDT

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