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APR 25, 2014 - Yahoo! News

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Venezuela holds 16 in latest offensive on price gougers

Venezuela's President Nicolas Maduro said on Friday that 16 people had been arrested in a new round of inspections to find alleged price gougers whom the socialist government blames for the worst inflation rate in the Americas. The 51-year-old successor to Hugo Chavez said a second wave started this week had turned up retailers hiking prices of meat and other foods by between 200 and 400 percent despite a new law capping profit margins at 30 percent.

Tags: Venezuela holds 16 in latest offensive on price gougers,  Hugo Chavez Latest News