Venezuela's inflation soars to 556% under pressure from Trump
Show original
As U.S. President Trump intensifies financial isolation measures against Venezuela, the country's inflation rate has surged dramatically. According to a weekly index compiled by Bloomberg, Venezuela's inflation rate soared to 556% in the 12 months ending December 17, far exceeding the 219% at the end of June and the 45% for the entire year of 2024. Since its launch in 2016, this index has recorded annualized readings of over 100,000% multiple times. Currently, about 90% of private sector employees are paid in U.S. dollars.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed down 228.29 points, with both the S&P 500 and Nasdaq also declining.
Chaincatcher•2025/12/17 21:08
Federal Reserve Board issues new policy statement to promote banking innovation
AIcoin•2025/12/17 21:03
State Street: US investors cutting overseas hedges puts pressure on the US dollar
金色财经•2025/12/17 20:25
Futures trading volume hits record high in 2025, with CEXs still dominating the market
AIcoin•2025/12/17 20:08
