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Much is known of the inflation and how it can cause the prices of basic products to rise in a matter of hours. Hungary knows very well about this economic concept and suffered the worst inflation recorded in 1946. At its peak it reached 41,900,000,000,000,000%. Reason why every fifteen hours, the average prices doubled. The […]
Tag: hyperinflation
Venezuela, at risk of falling back into hyperinflation?
The rate hikes inflation that Venezuela has registered in the last five months, until the end of 2022, at 305.7% year-on-year, according to independent estimates, arouses fear of falling back into hyperinflationa process that went through four years until the end of 2021 and that impoverished millions of citizens. The nation accumulates five consecutive months […]
Chavista regime in Venezuela increases the minimum wage from US$1.6 to US$28.9
Updated on 03/03/2022 08:40 pm The illegitimate president Venezuelan, Nicholas Maduroannounced that it will increase the minimum salary from 7 bolivars (US$1.6) to half a petro, a cryptocurrency promoted by his regime and which, in exchange, represents US$28.9, which means that the increase will be 1,705%. “You propose that the minimum wage, the base of […]
Venezuela comes out of hyperinflation but the pocket does not feel change
“Hyperinflation is over, but it will have been at home,” says Humberto Reco in a popular market in Caracas, not expecting prices to stop rising out of control as they have in the last four years. This 75-year-old pensioner resents in his thin body that Venezuela continues to be the country with the highest inflation […]
Christmas extra pay, a mirage for Venezuelan workers
The Christmas bonus, Christmas bonus or extra pay, once an economic relief for thousands of families in Venezuela, you have been left with a negligible amount of money in a country that suffers a hyperinflation galloping, for more than four years, which has destroyed purchasing power and has multiplied informal employment. The extra purchases or […]