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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