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Venezuela Inflation Goal Is 20 Percent for 2011, Leon Says

Venezuela’s inflation goal for 2011 should be 20 percent, central bank director Armando Leon said.

Venezuela will focus on reducing pressure on food prices and avoiding shortages to meet the goal, Leon said in an interview on the Globovision network.

To contact the reporters on this story: Corina Pons in Caracas at crpons@bloomberg.net; Jose Orozco in Caracas at jorozco8@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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