Home > Prices In Venezuela Rocketed 130,000% Last Year

Prices In Venezuela Rocketed 130,000% Last Year


Business Insider reports that prices rocketed more than 130,000% in Venezuela last year. The news comes from the first set of central bank data fro Venezuela released since 2015. Inflation topped 50% for most of 2018 and exceeded 850% in 2017. Venezuela's GDP has dropped by at least 10% for 11 straight quarters.

Added on the 04/06/2019 06:18:37 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • 18-Year-Old Is Raffling Off Uncle's £130,000 Porsche

    Faizan Mehdi is holding a raffle to auction off his uncle's Porsche Panamera Turbo and tickets cost £35 each. His uncle bought the car, which is less than three years old, for £130,000. Mehdi plans to draw the winner during an Instagram Live on New Year’s Eve. The car has been on the market for five months and hasn't sold, so Mehdi came up with an alternative way of earning some cash from it. He was inspired by a Chelsea estate agent who did the same with his Porsche Cayman in April.

    10/12/2017 - Wochit
  • Tickets for Kobe Bryant's Last Game Reach $25,000

    Tickets for the Los Angeles Lakers final game of the NBA regular season on Wednesday, which also happens to be Kobe Bryant's last career game, are going for hundreds and even thousands of dollars. According to StubHub, the cheapest price for one ticket to the game against the Utah Jazz at the Staples Center is $725, which is in the nosebleed section. Currently, the most expensive seats listed on StubHub are court side for $25,000 and four of those seats are available as of now.

    12/04/2016 - Wochit
  • Venezuela's Gas Prices Jump 6,000 Percent

    Earlier this week, in a speech that lasted nearly five hours, President Nicolas Maduro announced a price hike on 95 octane gasoline, that amounts to 3 cents per gallon at Venezuela’s unofficial exchange rate. While that price increase sounds like peanuts to outsiders, it’s slightly more substantial in a country where the minimum wage currently hovers around $11 a month. Raising gas prices has long been a sensitive topic in Venezuela, an oil rich nation where people have become accustomed to having the world’s cheapest fuel. Venezuela’s government is hoping that the gas hikes will help offset falling revenue from plummeting oil prices, which have dropped from $103 to $30 per barrel in just two years.

    20/02/2016 - Wochit
  • Coronavirus: 1,000-year-old mill brought back to life after lockdown baking sparks flour shortages

    A 1,000-year-old water mill has resumed commercial production to meet the rising demand for flour during the coronavirus pandemic.

    11/05/2020 - Euronews EN
  • Renault : 5000 postes supprimés en France

    Renault : 5000 postes supprimés en France

    27/05/2020 - LCI