Venezuela's consumer prices rose 833,997 per cent in the 12
months through October, according to a report by the opposition-controlled
Congress published on Wednesday, the latest sign that policy changes in August
failed to halt rampant hyperinflation. Monthly inflation decelerated to 148 per
cent from 233 per cent in September, the data showed, but left the OPEC nation
on track to reach the 1 million per cent inflation in 2018 expected by the
International Monetary Fund (IMF) after five straight years of recession. "The
figure is still scandalously high," said opposition lawmaker Angel
Alvarado. More… Thursday, November 8, 2018
Venezuela's annual inflation hit 833,997pc in October: Congress
Venezuela's consumer prices rose 833,997 per cent in the 12
months through October, according to a report by the opposition-controlled
Congress published on Wednesday, the latest sign that policy changes in August
failed to halt rampant hyperinflation. Monthly inflation decelerated to 148 per
cent from 233 per cent in September, the data showed, but left the OPEC nation
on track to reach the 1 million per cent inflation in 2018 expected by the
International Monetary Fund (IMF) after five straight years of recession. "The
figure is still scandalously high," said opposition lawmaker Angel
Alvarado. More…
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