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Venezuela's inflation rate tops 40,000 per cent for first time ever
Yahoo ^ | 7/01/18 | Gina Heeb

Posted on 07/01/2018 5:00:51 AM PDT by Libloather

Venezuela's inflation rate has hit a new high with consumer prices in the crisis-ridden country rising by more than 40,000 per cent annually for the first time on record, according a top economist.

**SNIP**

Venezuela's government has largely stopped reporting economic data, including internal measures of inflation. The Central Bank of Venezuela, which did not immediately respond to request for comment, has not independently released inflation figures in at least a year.

**SNIP**

Mr Abadia said Venezuela is a "disaster area" and that as long as Mr Maduro is in power, the economy will "continue to collapse." But Mr Maduro reaffirmed his tight grip on power last month, easily winning another six-year term in what was widely condemned as a fraudulent election.

(Excerpt) Read more at yahoo.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: government; inflation; socialism; venezuela
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To: Libloather
A 27 cent cup of coffee costs one million Bolivars.


41 posted on 07/01/2018 9:07:32 AM PDT by Rebelbase ( Tagline disabled.)
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To: Libloather
Venezuela's inflation rate tops 40,000 per cent for first time ever

Sounds like they think it's something to be proud of.

How about:

Venezuela's Inflation Rate, Has Recently Exceeded 40,000 Percent

42 posted on 07/01/2018 10:31:39 AM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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To: Libloather
These guys can pick up the tab:

and


43 posted on 07/01/2018 1:01:46 PM PDT by Oatka
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To: xzins

Worse IMHO, since they have killed millions.


44 posted on 07/01/2018 1:41:12 PM PDT by Neoliberalnot (MSM is our greatest threat. Disney, Comcast, Google Hollywood, NYTimes, WaPo, CNN, NBC, CBS, ABC .)
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To: hanamizu

LOL!


45 posted on 07/02/2018 12:35:53 AM PDT by Covenantor (Men are ruled...by liars who refuse them news, and by fools who cannot govern. " Chesterton)
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