Inflation in Venezuela, in 2022, exceeded that of countries in conflict such as Ukraine, Syria or Afghanistan.
Inflation in Venezuela, in 2022, exceeded that of countries in conflict such as Ukraine, Syria or Afghanistan.
According to the Economic Analysis Unit of Turin Economy, Last year, “Venezuela registered the highest inflation in the world in 2022 (305%).”
It is followed by Zimbabwe with 244%, Lebanon with 142% and Argentina with 94.8%.
In this sense, several countries in conflict registered lower inflation in 2022 than Venezuela: Syria 55%, Ethiopia 35%, Ukraine 26%, Myanmar 19% and Afghanistan 10%.
According to the analysis, in Latin America Colombia presented 13.1%; Chile 12.8%, Peru 8.4%, Paraguay 8.2%; Uruguay 8.1%, Mexico 7.8%, Brazil 5.7% and Bolivia 3.1%.
On the other hand, in 2022, Italy registered an inflation of 11.6%, within the countries that make up the G7 it is followed by Great Britain (10.7%), Germany (9.6%); Canada (6.8%); United States (6.5%); France (5.9%) and Japan with 4%.
According to the Venezuelan Finance Observatory (OVF), inflation accelerated in December when a rate of 37.2% was registered. These indices represent an increase of 15.3 points compared to 21.9% in November, representing the highest increase in the last 22 months.
In December, the sectors that registered the greatest increase were clothing and footwear, with a rise of 57.8%; followed by household equipment, with an increase of 55.8%; restaurants and hotels, with a rise of 55.4%; and recreation, which increased by 53.9%.
In addition, the bolivar closed last year with a 73% devaluation against the dollar compared to December 30, 2021. This after the price of the US currency increased by 280% in that period in the official market.
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