The human cost of US ‘economic war' on Venezuela: Hyperinflation hits 130,000% last year | WHAT REALLY HAPPENED

The human cost of US ‘economic war' on Venezuela: Hyperinflation hits 130,000% last year

Venezuela’s inflation has been soaring dramatically and reached 130,060 percent in 2018, the country’s central bank said in its first report on key economic indicators since 2015.

The latest data from the watchdog released on Tuesday means that an item that cost 1 bolivar in 2017, cost 1,300 bolivares a year later. Even compared to the huge inflation spike in 2017 of 862.6 percent, last year was disastrous for the country's economy.

Venezuela’s central bank published its previous report three years ago. Before the latest release, inflation data and forecasts were published by the opposition-controlled National Assembly and some international organizations. For example, the International Monetary Fund projected an inflation of over 10 million percent for this and next year.

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