Venezuela hyperinflation at a new dizzying high
VENEZUELA’S sky-high inflation soared to 24,571 percent in the past 12 months, lawmakers said on Monday. President Nicolas Maduro’s socialist government controls most of the country’s economy and is in the midst of an ever-deepening crisis with food and medicine in short supply. Analysts blame what they call mismanagement of a state-led economy. That includes its control over hard currency, as well as low oil prices. The latest figure comes from a National Assembly finance committee report looking at the period May 2017 to May 2018.