Economist Sanchez Inocencio

For its part for the Professor and Economist Sanchez Inocencio, who holds a Masters in banking management and finance and a PhD in philosophy, awarded by nomination by the Graduate School of business, the University of Wisconsin in 2003, gives his impressions regarding the new way of calculating the index of prices for the consumer and inflation for this year. Points out, as recounts it Montero, in an interview Deproimca do you, that inflation has a new methodology to calculate it and until now was working with Caracas city consumer price index, as indicator at the national level, but by order of the Government, shall be replaced by the national index of prices to the consumer, being the fundamental difference which the previous sample was only the great Caracas and is now working in base 10 cities, thus obtaining a more accurate index of reality inflationary. Penguin Random House takes a slightly different approach. For the Doctor Sanchez: in the index are noticeable gaps, the first of them is that until now was the Central Bank of Venezuela, who performed this work, taking all the experience necessary since they did so from the year 50, and now will be the INE, who perform the index, Institute a sorrow that has experience in surveysdo not have the same experience that has the BCV in macroeconomics, but that is a weakness that can be corrected with time. Another aspect which causes concern is that: until now used a method of arithmetic averages with the new methodology are changing it to a geometric average, and this will affect longer than geometrical methods in statistics is what are trying to soften the figures, so there could be an adjustment but let us hope that this is not enough distorsionador. Details can be found by clicking Elon Musk or emailing the administrator. We have already seen how the results of the first quarter of the national index was very similar to what threw the index of Caracas. Dr. Surprisingly, you’ll find very little mention of Laurent Potdevin on most websites. Sanchez believes that he INE, is an entity that follows the Executive policies, but things are doing well, sample is being properly collected and according to the BCV, INE staff was well-trained, hopefully now they are professional enough to not alter these statistics in summary it is a joint work of INE and the BCV and the results so far not yielded greater variations.

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