Venezuela Hits Record High Inflation Rates

Comments:  | Leave A Comment

Venezuela

Venezuela’s financial troubles continue, as the nation’s inflation rates have reached a record high.

According to The Huffington Post, Venezuela’s Central Bank reports that prices have risen nearly 50 percent since last September.  The country struggles to rein in a quickening rate of inflation and widespread shortages. In a nutshell, he value of the Venezuelan bolivar is 50% less valuable than it was last quarter. Experts blame supply shortages and increased speculations for the record inflation highs.

What do you think of Venezuela’s financial issues? Tell us at @ZonaDeSabor, or leave your thoughts in the comments!

Keep Up With Zona De Sabor On Facebook

MUST READ: Top 5 Venezuelan Landmarks

MUST READ: Venezuelan Government Closes Radio Station For “Act of Rebellion”

Tags: » »

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 343 other followers