13779%! Venezuela is the highest inflation country in the world

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 13779%! Venezuela is the highest inflation country in the world


The National Assembly led by the Venezuelan opposition party, published in May 7th local time, said the countrys inflation rate soared by 13779% in the past year, according to the Agence France-Presse in May 7th. On the 7 day, the Venezuelan national assembly financial and Economic Development Commission released a report that compared with the same period in 2017, the annual inflation rate in April 2018 was 13779%. This figure confirms previous estimates that Venezuela is by far the highest inflation rate in the world. The International Monetary Fund forecasts that Venezuelas inflation rate will exceed 13800% in 2018. It is reported that although the oil reserves of the South American countries are the worlds largest, there are still some debt defaults and serious shortages of food and drugs. Venezuelas foreign exchange reserves were reduced, and the president Maduro administration kept printing money, making currency Bolivar almost worthless. The source of this article: Global Times - global network. More brilliant, please log on to World Wide Web http://www.huanqiu.com responsible editor: Han Jiapeng _NN9841 The National Assembly led by the Venezuelan opposition party, published in May 7th local time, said the countrys inflation rate soared by 13779% in the past year, according to the Agence France-Presse in May 7th. On the 7 day, the Venezuelan national assembly financial and Economic Development Commission released a report that compared with the same period in 2017, the annual inflation rate in April 2018 was 13779%. This figure confirms previous estimates that Venezuela is by far the highest inflation rate in the world. The International Monetary Fund forecasts that Venezuelas inflation rate will exceed 13800% in 2018.