The "admitted" inflation rate for Venezuela just for July 2011 is 2.7%. "Admitted" because it is the very manipulated official number. But let's accept it for the sake of the argument.
This being said, the TOTAL inflation of the following countries for 2010 was LESS than 2.7% for the whole year.
Austria, The Bahamas, Belgium, Benin (!?), Burkina Fasso (!!!), Canada, Chile, Czech Republic, El Salvador, Estonia, Finland, France, Germany, Israel, Italy, Latvia, Malaysia, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Senegal, Slovakia, Spain, Sweden, United States (plus a dozen small ones).
All sizes, shapes and conditions. It can be done. You draw your own conclusions.