Page 24 - BLEEDED DIARIO FEB 19

PAGINA 24 DIARIO DIAHUEBS 19 FEBRUARI 2015

Chart1:Nominalhousingmortgages
(inAfl.million)

ber 2014, money supply1,100
to Afl. 3,434.4 million,1,050
1,000
Emision di bono di gobierno a expandemillionincreaseinthenet
Banco Central di bishitantefor di
Venezuela di62,5porciento
950 (+11.538bishitante).Tambe,
900 e mercadoNorteAmericano
850
evaluation differences of a registra un aumento di
3.517 bishitante (+8,5
reserva di divisas cu $52 miyone holdings), which was porciento),relata na un
6 millBioannc doecCreeanstrealindtiheA ruba nan80m0encionaanteriormente. a subi cuAfl. 6,4miyon mas cuOctober 2013. E subida di 3.465 bishitante
(+8,9 porciento) for di

(BCA) ta conclui den su CreditobJaanncaFreiob Mnar eApsreMctaoyr Jun(+J0u,6l pAourgcieSnepto)O.ct Nov Dec crecemento aki tabata Merca.E cantidad di turista

principalmente e resultado crucero a subi cu6.727 of
di un subidadi 48,3porciento 15,1porcientote na 51.131 na
(+12.332bishitante) den e October 2014, compara cu e
cantidad di turista for di Latino mesunluna di e añaanterior. E
America. E expCahnasriotn1:dNeonme inaclahnotiudsaidngdimboarrtcgoanganecsrucero
mercado Latino American(oinAfal.cmreiclleiofonr)di 24 na October
taau1,m10ae0snotcoiaprdienncipaelmecnatnetciuduadn 2013 pa26 na October 2014.

1,050

1,000 Banco Central
lu1Gn5oa.6bdimei rNinyooovnaemmdebepenoross2i0tna1a44eusnoelasitttomhrpmignokniertpboiefielvdioSyvltiRnmisatoo,oen11ehs1ut,,nrm,ne980s980lau1aeerna0000e555n,cante0000000mssetotbnwdchse:feocaotCcoohMienJnenpftcwairnoltketrneteotcreonrihrinbafr.gsadcFetegucole2nAehedatb0CnmaeefilB1saiho0dlntdMae.saondsnnscsaw9rrDrMIerd1niAkortet.0oeeo3Iexoaoofu1nvti.MOoA.svnn.s:lysscar1fmǦ.0MrpNunecanhiratnolel2AeoaamtuiM0(mgtbnrisibin1anuanaen1tiiybgynlrttergiAlaciheayieJcofolufcleoaAd.hnnErTsScctIpahrnponmseonoooaooenhxfamronfsguuilmJovimmdcdmer2lv.llueraosltit0lodeamicesldiueolh1ttppnmeyl2ctni1ciasdnoiAnigoa:eomio8fslt,)nucCiiaprfgir“nnmnnhc.gnweeeeo1FimeisgsAnnodeandirnSo)onuhntbcrefefe.rtdotmtmaffttrpiadliahngnsce2h.noeihdl2e0icaN)eachit0Oa2oec1l,1gadsBr1Otel3.nsc8aof0i5eoswtatoetsetces2.voponh2aoNntpt0arfkerreonwofrei1smsmvecfvsbdt3oraeoedcthpccenDibrf(oit2loreeareeC2l0Aeieir0cnnr1ohro2e41irNututdtAg1a0nfgnibho2aernhi1fCaonet30nxillfonPl.clo2Ǧya1duA(rI(tupccae2Etce(ay2ytccc)o4(aarscCTesouuu3nr00o.oClrlaksdu,siciracmOmaiP11eTt2,nanmPfna“eeeao04e0bmos43IchfaclipCgdIadsm1),dtehanp,.sip5l)ht1tc2eausiedipenousrodanf,cceoocaro2obaaeiaoibmroeaafmdopmOdnnntplic.mclAnEil(reoimdn6mofisircioieadrecpecbna)ldaarnorpceeaptinpnmo.uecxldnyiimooyo2cmdnoaoinsOandcptT-mcfbtrei0”npdenee02stoochsoreaeenhcl1ecBed0i.nie,aunnunuyreiotjnoe2r)Er3yen1tintml2oset,tr,“3gondepelo.rtenste0x1ipeveintHAeenyd1coiibapnbct1s,od“rPbecngnasa25ihureaoauaf4neVrueonntlaalrǦipngmkclaya(ycminbtubanuratnvu,i.onmwiOioevnoirlleeisageusyrfduoonnvei2ngnclnpiclhaaeetpeagnnk2tsaitn0ttitefoeeeno0iuosoeocidaneshegacrnnts1d1dr”nimburgaicd4thh4eno”radnsattdkdebr.itt,oonnooaaea”aaaariiii
950

900

850

800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

mAnbOtnesaoeǦt4edfaycsmidEinlprotg.nnǦǦ.JniǦǦ900000ps000oo001n1neuoAl4dd23ee.........fyrn..l000004f353r0Ǧp11lAvm0tsaTp(EcSIrOcaficmaaddErecAnsnd3dd3mpddArd2pccacudasdedcmdE(caftcAn1sleCoAoaeeeeoraootrheetnv2htxrarauuci.ar.irr.e0eeiieneeiea8iaeoecifuffri0i4btxseseeiihuOfgouiinccohlmtpirteannnmnpnnbmmlvcd,1ǦArenǦrlclytlǦnvaitnideesmlr8606dd44bgblǦǦ31atct2n2tǦnA6ra.d.i000000ceeaile0tite.rvrcit001ailu4rb0aoeooovrrcagmc....s....eatrhliieoofh.tt4aeu......enoe.lh4r000m00t000..pp.eraovvae.13esttulma000205Ǧfrerirnl1tSeiyas26)8cnt1ba4esn1dr,ooaid.sapnb.s5bnlu6amdlbrctcaachiegepy44si.oadr:eoehtm.d1odtrsacoceildieeeaaa,lni4naaa.upecaouaaCiueeCp,vliy3erp6rtai“,nrcnii3racnnploninnd(mnm(cgoJnry0ad2asntosrd1eemcbwnrsaoetomoIadacdt)l2dUaǦAFioaaeormdetotincOgeeimne,samaouudnemnnlt21lO0.idniaoeondeokvnsom0n2ninboisiuosiiairmoendud.)crSbfilǦǦot1m7lnǦednycc0000cecuerne000f0vpfmp1ii20i0mark0a3ralactlctrnyneAaionoipttrtoymfD,io.i..s.ff2c.onF..i..t.dtrnefa.l1aedaocc.nhcaco0Ǧ00p08codi81a111bto1ndn5orsifl12etop0riu1eroorlehrNtgdyAsdtnleocfsciiiiunnntgci4yon3ra5ooidǦiee)raa1nobeoonlotbcnBcdmpltevdooa,ooipoeea1ib0tAteua.oir,a3sifd,tlnimvmngnondinelr.Otiocvudn5sa.siiaondmravlsrndaunoifrdeniiwM,eip15csafr.osai,tioonfueltrucEi4c(2itehaif.ttnanldwoealan,OacmafD.e(2de2roobry1epfd+taoone.m,ehmcnmtnmaetotrdilǦiaǦǦAuaardor0TdcwomwcbcTp4TTrosfdTtl000ac000t0p7periaddh0r0nio6a5e00t0fteiavCnr0nn2iEodreotdcranueetetooosiecnwh.......iunft.iduhl,hnMDrrd1reTsdmwboTodTtlcce...rroxooim0n,,ggehhhhhfef.iiins20Ǧ20020reoaofaan1aanhe1ainla8i223eyAa.anordep83e1ctosia0eeola6hnroeeoaeiotebafdu1ptmmens6rr3g,reoeoeenchhhaxne4oupooetanftrbec.namlnpoeeeeerenrr)cu4aibmmmaee,,ntncllhitnotteraxeeioceassclnsivptcmbb,.eaddseohmfarpdaemtrarptdtae2cstnleeenceeairopmmltrǦ(st0acutrrkantiorotircpelnutdiieone0iiddneo0inenhtaiiSer,rceaeAsesseahCeepiiiheyinopllmeieaeaMiryy9lnuebaagknhsaeitllin1AAtticroemntti2renyeettnnaeddrnlslnesl.aipciinrorsuaniyxa1eeinrhoo3cnoiiiiniohaaar2afsmtultie2inlttamettsn:Nenoonunuebenccacddcncsccptnflfrtnigyonsotx1ldltdttdtinn,tlitttirwytpssag0ttbne)Isfyeelleonnonnoonoon1ounyoultav.ceeaeaeaaaeaaaeaneipthrarlr)rniiiow...,.ipsplegeoitdtti,rheeaie1vaveiegCiyeJcraltaett1snwrfelgweoiitdnspe3onxleuofcaiiaeoelccciaiarh0neylirPwctaaerntnspacoonennc2oaǦerutinspTOnirTsnstcfaluaccri(SaOteafAteee(lnn.srIcscmrcbmsctdcayAunot)odgic(hnatfyeCcci0ihhhwrenaoieebToeesrvrsvssarsicoa.oenrCgigtc2nlJcssettomsdboieseiigoor,rvueefhcdeeiisrirmaeeonau0eetneuǦǦplnsyTuytǦh(ttnnmhPosdepogeo8606d44aetetlmd2e2crifvocdol1melsdnbadavsrhnioA.oo+oecphdlclt........aeee2heinigtcAIetnttbensrmdapnv00000000odityeaaaeebchatlbnrepnsel)eedcAdid0enbsbcobecroiftityareerbrt,nitetseug,laiiun,lt:(tnci(oeoe1buecronarmlrusartpenoaitiayebttnsslip.,da-iu-roeC.tfrnm8nfmAgr3eovitlpndna4tsoslrlat0.d,1cbihlinAniydeoJrooanpyAroolfigienrrnoson.oah)nCthoeao1.ce,1,onaSnltsauarmwcf2erieoSenabO5ei)1ctnndr.1fmeTmnshb8nsuh23meshofScnrNiibmmlAreaceeinnfd0m.feTeshtgnppnnsari0.t)pbmelnaesRoy)io0cdeha.dcphen.orrgrtee.twpapeonOndAo1o28ocehf2TedFc6ue.tfirae1uh.re5rtowchremteeonaeAnps1mosgf40e0i1ol1ehilrnrsttstcetil9eeneehecnotosO4ecrc1.cnafBtnthhlc1sutcta1t9abrrasbeethto.Buprcfet3aht,4otNao0rtlsnscmseebcihti.ciltbtie,toionc2h1epAAt.tslsrrsuolm,“ei.lteaglt0jfnletay:oocihist.sMEnd3ofelonwlaa0eeiynayem8mfopsofnvhdrnteetticHdAwoaanyici1rucwniwna3b(e1rrNcotcdeteafsbimcadtrrtnreltneTmlha3nnp2.ceerlvesldrAiehmtbooerolamlhtrafaoarr7bsonotemdul2aoaoaCdsecrrneuaeaiairǦeti2e7abstdiacohete)usue)a(iinivroennmtmpsf.pnbrucets.raccthcveimiosmAtmen.yl0prst.p)raonasw.lso9rnmiimoedlmmeangaaiDtonofrto9t.icsngmauslltpglnosDApTaerrlo1cuotovlioOhppioiTy222umergtfouopiuikprer2hehriimida3eettomrǦttceniosihr0msuf(bprtoftionet000mwttf0Seshocesuolcreteetocmo(etmwllfibneMas1roe1C2eeoilnhogl1tc.ty2erpoenedtbeintv411n+.tritasdy1apgtre”ibou4m3ratr4o5aste2atuoaaoumh:nh44dehin”mcobadsisatihrtri6o1l7,,sittlt.,swyahsioblAgsIfilvih(syo90aii6tnslatbrnis2dgfgn.baedin6inshl,nscsdgpieOii,nnisc20aiieiaieatnponJy2nnio1fetlnfntoorynorerou.aelnteeuorunyic800leilsl7adnaydhoce3tsonaabfdnaganhnnrul.ngobflgtnoelrggrp1h,se,ya1nslhndtos5prc(SNcnstenndOcn63wceass,ecyewAfai,42Aae1AssaeouaAaobtfstae)+eo12pdJ37iout6irnadt.go0ctngnioe,snotau0nwemgcf)puboetntynrwfmcnfbwnettfe,woi4trff1oltlk1l1.eohthlftkc4rllisreopmrtchplslip2ac.oftraAde.ga.4anpa,.horatdeosihrtt5ee2oia,aAfsi5eemrfinr1nbsnriu1rhn,eaiaisInisaii0ww1aioiiribu1eiririind8mbuw2rnnOid8m.bnnlnnemdnrlsgnenkv5tbgttekvc1.5tgttteditesbni9tu.tsuh.4lny(c.oheetccrocheogai.cg6aii.abtih9uasS9basiT)negsn6Sertags6tib6rddtrndrdver1dmsteeaotlaOtnateneaihrye2ee2eexheeg02ye)gesnecpmeyamhro8bphon,pdggpc02e.dc309tcmdpactmcmfdao.oaahAemAoem6nmm0e3em1mOostbhlitocdelta12esss1sattlOrisiasy2sf1suffnho,ueluld3ff1n4.oooie3ieieecntessirw7ieselclro5o6eevoolll2plleetttestmnniib.tditpeulell,s..cc2ccsrruo4oifsfs9ooo0iiiinnssessAstAntteeiooorooodm7iietit9t6t9p9hNtn,iabobnoononoognthethtotrt2ee8uo8roooerbffnnnonnnitiii.veoll.cliiieftb0.fnnopn.rngdnnnemtnaeel7yyyacly7yicvAs2trrrreieǦ,,..rt.,Ǧ,..sor12oerss0hrarnD46rtr22uaai1c1te,6tnt040i5hgbacoe1.it.n.418neeain1fn4etteoae), 2010 2011 2012 2013 2014

Chart1:Nominalhousingmortgages

Source:CentraleBankvan(iAnruAbfla.million)

1,100
In1,f0l5a0tion
T1h,0e00consumer price index (CPI) for November 2014
re9g5i0stered a 1.2 percent increase, compared to the

sa9m00emonthof2013(Chart2).Themaincontributors

to8 5t0his increase were the components “Housing”

an8d00 “Food and NonǦAlcoholic Beverages”.
ExcludiJnangFetbheMarefAfper cMtayoJfunfoJuol dAuganSedp OecnteNrogvyDe(cwhich

2010 2011 2012 2013 2014

partly affects the housing and transp ort
TSIcmcn2dR(BohooBf0eueaoelmmnC1nlranac4cAtctceppotoii)oc:orhoacuMCnnruneatCesealeneavnuedctnenscrmicuatoatroranlnstaaeenltol)igcraddB,leiauapsddNNitnuirihbnkoioddcievfvicveelAeauanpemnrcltAimuanboAiboscfedrluraabr.uneeebxraraC(urdd (eeneetP2CxsnneI0bePcearwl1Irvhur3)ereaeayevdfnmsenaoa(elnatduTrrandviaauiioacNAnnbpidodetfolileneibfd.vred1nyerid0aAevmu0i,cni0)ns.ibc.a2oocmiernahnpoTirnaeyaehtlao2tn)ronyne.0cg1ee41nd2tǦ,
rinem18giN,yi1soomntev,icyeraeomundsbateaepnar1au.2nA20aflu1p.4me3,.er4ncf5rteo2ond,6miti0nEc.c1ormepaepsroecn,esenucnbotitmdienaddpOeoanmrcetedosbtteiocroet2h0e14

st(owdAaComfohmltr.adehe2rosi8tmtspi,c2a3oori)mncn.iciatyrnlhomeentaoetosndf,eet2enm0wce1iut3aeaicglr(taeCivphoaatahretdS2i ci)g.oeTumhipecloaemnnstieadaniandtpscaod“gniH.tro2ipbul5auscitnaogr”s

aEnxcdludi“nFgo othde(inCehpafaenfrredtcc2et:nItno,NfefloantndfiooǦoAnofldAcporeuharbinooaddli)c eneBregvye r(awgheisc”h.
par8t.0ly affects the housing and transport
com64..00ponents), the core CPI remained unchanged,
com2.0pared to November 2013 (Table A). The 12Ǧ

mo0n.0thaverageinflationratewentupby0.2percent

inNǦ2.o0 vember2014,from0.1percentinOctober2014
(ChǦǦ64a..00rt3).
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 2011 2012 2013 2014
0.0for 0.d1i e Ǧe020m...191 icion0tr00.eh..r4010dece.i6sepbipsoementcosritlv,ilviiocSewenolyushr,c(ilAe+ea:0fcAl.c.r4tuoh1b3uaep.nT6eotrgumcroiresioemlnllditaoA)stun,etǦ(hd(Coi+nrhi1tc5m.ay0,o0ro0tmp0seet11)lr0y.c,0ae0Inn0tnodt1)5a,0atdc0on0duudir2trr0iiAeo,s0nf0mnl0t,.
Source:CentralBCuhreaartu2o:fInStfalattisiotincsA ruba
Ǧ1.9 1.5 (inpercent,endofperiod)
0.3 0.0
1