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Venezuelan Inflation Soars to 800%PanamPostAug. 05, 2015 |
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 If Venezuelans thought their inflation woes couldn’t get any worse, they were wrong. While the regime has failed to report inflation beyond 2014, contravening the law, the Troubled Currencies Project estimates the annual rate now at 808 percent, as of July 25. The figure from Steve Hanke of the libertarian Cato Institute, deduced from the black-market exchange for US dollars, is more than 10 times the official rate of 68.5 percent for 2014. Further, the monthly rate of 20.2 percent pushes the Venezuelan bolívar deathly close to hyperinflation. Read More 
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