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Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
The economy of Venezuela is based primarily on petroleum, [4] ... This chart is in a logarithmic scale. ... Hyperinflation has destroyed the value of savings ...
[293] [294] In November 2016, Venezuela entered a period of hyperinflation, [295] with inflation reaching 4,000% in 2017; [150] the Venezuelan government "essentially stopped" producing inflation estimates in early 2018. [7] At the end of 2018, inflation had reached 1.35 million percent. [296]
Venezuela's annual inflation rate settled at 189.8% last year, according to data from the central bank released on Friday, marking a slight easing of the still sky-high rate of rising consumer ...
Under Maduro – in office since 2013 – oil-rich Venezuela has fallen into a deep economic and political crisis, gripped by hyperinflation. Millions of people have fled the country in fear and ...
In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time. [36] According to independent sources, the rate increased to 80,000% at the end of 2018 [37] with Venezuela spiraling into hyperinflation [38] while the poverty rate was nearly 90 percent of the population. [39]
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World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...