How are you continuing, today I come to tell you about the hyperinflation that exists in my country Venezuela, something that reaches truly incredible figures since our country lives on oil income, low production and low oil extraction , makes living in the South American country a true odyssey.
The numbers are really alarming since the country has the worst numbers in the entire region, and countries like El Salvador, which do not have any of the natural resources that Venezuela has, are well above the data of the South American country.
Only in the month of December was observed a general inflation higher than 50% in and the basic basket the numbers were more alarming since an increase of 230% was observed, all this in local currency the Bs since in dollars the inflation was close at 30%.
Something that is really worrying since the last quarter of the year oil remained with stable numbers after that rise that registered more than $90 per barrel of oil.
One of the hardest-hit sectors was education, in which the national government owes educators various bonuses, not to mention the retroactive bonuses, and all this with a monthly salary of less than 10 dollars.
Below official government data.
Datos oficiales
At the time of writing this note, the price of the dollar is around 20.10 bs for each dollar, 3% more than yesterday.
In Venezuela there is a risk of returning to hyperinflation where the salary of a Venezuelan did not even reach 2 dollars a month.
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All the data published here as well as the images are in the public domain and free to share, even so I have cited their respective sources.
This is quite disheartening on the side of the masses. It is same everywhere even in my country. If corruption level is decreased in government agencies, the better it will be for masses. I am been tempted to ask myself if inflation continues that way in 2027 what will be the hope of a common man.
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Hello @gabytorres2022 yes inflation going up; here in the United State Too.
It seemed everything went up at least a dollar this week and other items cost 5 dollars more!
Have a nice day and evening.
Barb :)
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