Venezuela breaks 200% monthly inflation record, opposition says

Inflation in Venezuela broke the 200 per cent barrier for a single month in August, bringing it to 200,000 per cent over the last year, the sidelined opposition-controlled parliament said on Wednesday (Sept 5). Only two months ago, inflation over a single month had passed 100 per cent for the first time, opposition deputy Jose Guerra, a former central bank executive, said on Twitter. It means prices have increased by almost 35,000 per cent since the start of the year and 200,000 per cent since August 31, 2017. The International Monetary Fund has predicted inflation will reach one million per cent in 2018. More…