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Saturday, August 27, 2016

Venezuela's Inflation Rate Now Approaching Lunacy Levels


By Forbes, Aug 26, 2016 

Venezuela’s inflation rate is traveling at ludicrous speed.  Colombia has been unable to help, despite allowing for Venezuelans to come into the country’s supermarkets in droves. Venezuela, led by Nicolas Maduro, is the region’s only failed state.

There has been zero relief on food inflation thanks to the inflow of goods likely being resold at a premium, and surely unable to meet domestic demand. In one month, food prices in Venezuela rose 30% with annualized inflation now at 773% year-over year ending July. It’s official, we are now approaching four-digit hyper-inflation within the next few months.


Read More: http://www.forbes.com

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