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Buy Fake Money, Venezuela’s price increases have exceeded 3000% y / y. Such data were released on Wednesday by the finance committee of the National Assembly (unicameral parliament), which is controlled by political opponents of President Nicolas Maduro and his government.
«Inflation in August amounted to 25.04%, and since the beginning of the year — 1,079.67%,» — said in a message posted on Twitter by the parliament.
In annual terms, the growth in prices amounted to 3,078%.
In February, the Central Bank of Venezuela reported that inflation in 2019 in the country was 9,585.5%. At the same time, according to parliamentarians, who have independently prepared reports on national economic indicators since 2017 due to a lack of official information, prices increased by 7,374.4% last year.
Venezuela is experiencing a socio-economic crisis, accompanied by hyperinflation, devaluation of the national currency and a shortage of essential goods. According to the UN, about 4.5 million people left the country, almost 80% of them are in the states of the region. According to forecasts, in 2020 their number may increase to 6.5 million people.