Venezuela: Maduro Announces New Price Controls

Venezuelan President Nicolas Maduro has announced a packet of economic measures to combat hoarding and price speculation. The package includes two new kinds of price controls. One covers the whole economy and refers to a maximum price for sale to the public. The other gives special protection for food and medicines. He said that all prices in the country should be subject to a strict maximum profit of 30% at each stage of the supply chain. Maduro also announced new penalty for those who engage in price speculation. teleSUR