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Venezuela: Inflation hits more than 40,000%, investors dump currency

Venezuela: Inflation hits more than 40,000%, investors dump currency

Venezuela’s inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record. Steve H. Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday that annual inflation in the country has risen […]

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