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Venezuela to Approve Price Regulation Laws Today, Chavez Says

Venezuela’s President Hugo Chavez will approve a law to regulate prices and profit margins at a cabinet meeting today, Chavez said on his Twitter account.

Finance Minister Jorge Giordani said on May 3 that the government was working to develop a national pricing commission to regulate prices and profit margins in order to combat inflation.

To contact the reporter on this story: Nathan Crooks in Santiago at ncrooks@bloomberg.net

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

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