Reply #38: Link didn't work, looked it up. It doesn't work when I try to post it, either.

[Judi Lynn]

It's 18% for 2008, can be located easily in a search under "Venezuela inflation rate."

Did find an interesting Wikipedia:

The economy of Venezuela is based in large part on petroleum. The petroleum sector dominates the economy, accounting for roughly a third of GDP, around 80% of export earnings, and more than half of government operating revenues. Venezuela is the fifth biggest member of OPEC by production. From the 1950s to the early 1980s the Venezuelan economy was the strongest in South America. The continuous growth during that period attracted many immigrants. During the collapse of oil prices during the 1980s the economy contracted. With the recent rise in oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007. However, there is still considerable income inequality. Although often portrayed as a command economy, government spending as a percentage of GDP in Venezuela in 2007 was 30%, smaller than other capitalist countries such as France (49%) and Sweden (52%) <3>. According to official sources, the percentage of people below the national poverty line has decreased significantly during the presidency of Hugo Chavez, from 48.1% in 2002 to 30.2% in 2006.<2>

~snip~
Inflation
According to the Banco Central de Venezuela, inflation dropped from 29.9% in 1998 to 14.4% in 2005.<16><42> During 2005, imported goods were cheaper than commodities made in Venezuela; variability in the price of goods was linked to import performance and exchange stability.<16> In the second quarter of 2006, gross fixed investment was the highest ever recorded by the Banco Central de Venezuela since it started tracking the statistic in 1997.<17> However, the BBC reported on February 15, 2007 that Venezuela's inflation rate rose to a two-year high in January, with consumer prices rising 18.4% in 12 months.<43>

Public spending in Venezuela has reached unprecedented highs, as measured by local currency Central Bank debt, which could increase inflation.<44>

In 2007, while Venezuela earned record proceeds from oil exports, consumers faced at times shortages of foodstuffs, since the companies refuse to sell at a loss, a consequence of the consumer prices set by the government which are lower than the production costs. The price for a liter of gasoline in Venezuela is 3 cents, the cheapest in the world. The government has responded by giving importers more dollars at the official exchange rate. Imports soared 43% in 2007 after tripling from 2004 to 2007. The account surplus fell almost in half to $8.8 billion even as near record high oil prices buoyed exports. Around 2007, annual inflation was 16%, the highest in the Americas, as President Chavez tripled government spending from 2003 to 2007.

More:
http://en.wikipedia.org/wiki/Economy_of_Venezuela#Inflation