Venezuela leads world in inflation at nearly 19,000%

[GatoGordo]

Venezuela leads the Hanke study with an annual inflation of 18,926%
Posted on April 20, 2018

translated from Spanish

Venezuela led the Hanke study, which measures the rate of world inflation, with 18,926% of hyperinflation, above countries such as Turkmenistan, Sudan or Yemen, which also leaked on the list.

The study created by the professor of Applied Economics at Johns Hopkins University, was published this Friday. The indicators were collected until April 19.



Some local pollsters project inflation for Venezuela at the end of the year that exceeds 150,000%, however, the International Monetary Fund has shared a more optimistic figure of 13,000%.

According to the Finance Committee of the National Assembly, inflation closed in March at 67% and the accumulated since March 2017 reached 8,878.1%.

Since 2016, Venezuela has entered a hyperinflationary phenomenon, according to the academic. The shortage of cash also aggravates the economic situation of the nation.

One of the main reasons that leads Venezuelans to emigrate is the economic crisis, say several analysts and experts.

-snip-

http://talcualdigital.com/index.php/2018/04/20/venezuela-encabeza-estudio-hanke-una-inflacion-anual-18-926/

As Maduro would explain it, it is because some guy in Alabama is running a website called DolarToday and he is giving out wrong information on the value of the Bolivar.