Inflationary outbreak in Venezuela: prices rose 22% only in the month of November

Despite overcoming the most dramatic hyperinflation in history after breaking away from the bolivar, Venezuela’s economy has suffered a dangerous spike in inflation since March due to Maduro’s efforts to reintroduce the national currency.

The socialist regime once again lost control of inflation and exchange rates, despite reforms undertaken since 2018. Retail prices rose violently by 21.9% in November alone, according to estimates reported by . . .

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