Venezuela inflation quadruples in two months to nearly 18,000%
Venezuela's inflation quadruples in two months to almost 18,000 percent
BY ANTONIO MARIA DELGADO
May 1, 2018 04:30 PM
In just two months, Venezuelan inflation - by leagues the highest in the world - accelerated its dizzying pace, going from the annual 4,966 percent recorded at the end of February to more than 17,968 percent by the end of April,
in a trend that The continuation could lead him to close 2018 with an annual rate above 100,000 percent, economists said.
The year-on-year rate registered in April already exceeds the forecast announced recently by the International Monetary Fund (IMF) for 2018, of 13,864%.
"What we are seeing at this moment is a gigantic jump in inflation," Steve Hanke, a professor at Johns Hopkins University, one of the world's most respected experts on inflation, told the Nuevo Herald.
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http://www.elnuevoherald.com/noticias/mundo/america-latina/venezuela-es/article210211489.html