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Venezuela's Hyperinflation Continues to Ravage Its Economy


(Marco Bello/Reuters)
Plus, some thoughts on equities and inflation.
Venezuela remains at the summit of my monthly list of the world’s top inflators those countries in which I measure the annual rates of inflation to exceed 25 percent per year. The country is still firmly in the grip of hyperinflation, with an annual inflation rate of 2,436 percent by my measure. That sky-high rate shows little sign of abating. Indeed, from November 12 until December 17, Venezuela registered 34 consecutive days in which the monthly inflation rate exceeded 50 percent.
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Faced with hyperinflation, Venezuelans prefer the greenback over the bolívar. As a result, I estimate that 80 percent of all transactions in Venezuela take place in U.S. dollars. Since the country has spontaneously “dollarized,” President Nicolás Maduro has begun to seriously consider official dollarization, something I recommended way back in 1995 when I was President Rafael Caldera ....

New York , United States , Distrito Federal , Hong Kong , Petar Stoyanov , John Maynard Keynes , Johna Jack Tatom , Milton Friedman , Jack Tatom , Rafael Caldera , Johns Hopkins Institute For Applied Economics , Global Health , European Union , President Rafael Caldera , President Petar Stoyanov , North Russian , Russian Civil , Inflation Dashboard , Financial Stability , Johns Hopkins Institute , Applied Economics , Business Enterprise , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , திஸ்திரிதோ கூட்டாட்சியின் , ஹாங் காங் ,

Hanke's Inflation Dashboard: Venezuela Still Leads


Hanke’s Inflation Dashboard: Venezuela Still Leads
Steve H. Hanke
© Marco Bello/Reuters
A man counts Venezuelan bolivar notes in downtown Caracas, Venezuela, January 9, 2018.
Venezuela remains at the summit of my monthly list of the world’s top inflators those countries in which I measure the annual rates of inflation to exceed 25 percent per year. The country is still firmly in the grip of hyperinflation, with an annual inflation rate of 2,436 percent by my measure. That sky-high rate shows little sign of abating. Indeed, from November 12 until December 17, Venezuela registered 34 consecutive days in which the monthly inflation rate exceeded 50 percent. ....

New York , United States , Distrito Federal , Hong Kong , Petar Stoyanov , John Maynard Keynes , Johna Jack Tatom , Milton Friedman , Jack Tatom , Rafael Caldera , Johns Hopkins Institute For Applied Economics , Global Health , European Union , President Rafael Caldera , President Petar Stoyanov , North Russian , Russian Civil , Inflation Dashboard , Financial Stability , Johns Hopkins Institute , Applied Economics , Business Enterprise , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , திஸ்திரிதோ கூட்டாட்சியின் , ஹாங் காங் ,