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Venezuela emerges from hyperinflation, but family budgets don’t notice much change

RIO DE JANEIRO, BRAZIL - "Hyperinflation is officially over," says Humberto Reco at a popular Caracas market. He doesn't expect prices to stop rising as uncontrollably 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 in the world.

In 2021, the index closed at 686.4%, according to the Central Bank (BCV): less than 50% per month, thus, according to the traditional concept, closing a hyperinflationary cycle that began in 2017.

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