World | Business

Venezuelan Government Gets Tough On Price Gouging Retailers

NPR | Nov. 11, 2013 2:52 a.m. | Updated: Nov. 11, 2013 6:21 a.m.

Contributed By:

John Otis

In a pre-Christmas offensive to lower prices, the Venezuelan government has taken over a nationwide chain of electronics and appliance stores that it accuses of price gouging. That’s led to huge lines outside the stores as shoppers snap up cut-rate refrigerators and computers. As Venezuela’s socialist government combats surging inflation, it’s warning that more takeovers ahead.

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