Venezuela Acknowledges 9,500 Percent Inflation in 2019

The new inflation figures remain brutal, all the more so in a dying economy like Venezuela's. However, they are better than the 2018 consumer price index, which stood at 130,060 percent.

RIO DE JANEIRO, BRAZIL - Hyperinflation in Venezuela continues to cause damage. In 2019, it reached 9,585 percent, as reported by the Central Bank of Venezuela on Thursday. The price of food was multiplied by 80 last year and that of health-related products by 180.

Anyone who has recently been to a supermarket, a pharmacy, or a doctor's practice in the South American country is familiar with what the Central Bank has disclosed. Funding daily . . .

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