Venezuela Hits Record High Inflation Rates

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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.

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