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Chavista disaster: after cutting rates, Venezuela approaches hyperinflation again

The economic disaster of chavismo in Venezuela is so great that the government celebrated the fact that the country closed 2022 with an inflation rate of 305.7%, one of the highest in the world, but representing less than half of the previous year when the accumulated variation of prices was 660%.

By the end of 2021, Venezuela had rid itself of hyperinflation, completing 12 months with monthly variations below 50%.

In previous years, the country had faced absurd inflation rates, recording an unbelievable 130,060% price increase in 2018.

The sharp drop in inflation was caused by decisions such . . .

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