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With Venezuelan hyperinflation, multinationals buck price controls

VALENCIA, Venezuela/CARACAS (Reuters) - When Colgate-Palmolive Co's Venezuelan unit in January raised the price of laundry detergent to keep up with inflation that hit 85 percent the month before, it drew a swift rebuke from the government of President Nicolas Maduro, which demanded a nearly 90 percent price cut. [Source]

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Category: businessNews

Topics: price, percent, venezuelan, unit, co's

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