Venezuela Inflation Hits 600% Despite Recovery Promises
Key Points — Annual inflation in Venezuela accelerated to approximately 600% in February, up from 475% in December, as the bolívar continues to depreciate and dollar shortages worsen two months after Maduro’s capture — Oil production fell 21% in January to 780,000 barrels per day, limiting the dollar inflows that the economy depends on, while […] The post Venezuela Inflation Hits 600% Despite Recovery Promises appeared first on The Rio Times.
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Key Points — Annual inflation in Venezuela accelerated to approximately 600% in February, up from 475% in December, as the bolívar continues to depreciate and dollar shortages worsen two months after Maduro’s capture — Oil production fell 21% in January to 780,000 barrels per day, limiting the dollar inflows that the economy depends on, while […]
The post Venezuela Inflation Hits 600% Despite Recovery Promises appeared first on The Rio Times.
