Market Report, "Alcoholic Drinks in Venezuela", Published
In early 2013, alcoholic beverages was hit by a devaluation in early February that resulted in prices rising significantly. According to Venezuela's Central Bank, alcoholic beverages prices increased by 56% overall in one year. However, in the case of imported products the increase was between 100% and 200% while prices for domestic products rose by between 40% and 80%. The death of President Hugo Chavez in March 2013 paralysed the government for about two months, thus increasing the...
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