Venezuela's annual inflation rate rose to 49.4% in September, from 45.4% in August. Consumer prices increased 4.4% month-on-month, the central bank said, compared with 3.0% in August.
Venezuela launched a new currency with the ... and boost confidence in a money that has been losing value due to high inflation. President Hugo Chavez's government says the new currency ...
The country hit crisis levels the following year, with GDP shrinking by almost 6% and inflation soaring. Oil output has been declining since. Venezuela is heavily reliant on the US for its oil ...
In February, Venezuela finally said goodbye to the rampant hyperinflation that had seen price rises peak at more than 400,000% a year in 2019. Now annual inflation is more manageable, but still ...