|Characteristic||Inflation rate compared to previous year|
What is the inflation rate of Venezuela?
CARACAS, June 16 (Reuters) – Venezuelan consumer prices rose 28.5% in May, more than the 24.6% rate reported in April, central bank data showed on Wednesday, as the crisis-stricken OPEC nation struggles to contain inflation.
What is the annual inflation rate for 2020?
Considering the annual inflation rate in the United States in recent years, a 2.25 percent inflation rate is a very moderate projection.
Projected annual inflation rate in the United States from 2010 to 2026*
Why did Venezuela fail?
Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.
How much is a Big Mac in Venezuela?
According to this calculation, a Big Mac in Venezuela costs US $ 8.35, while in the United States it costs about US $ 5.65. This McDonald’s hamburger is sold in different parts of the world for prices that range between US $ 1.68 and the US $ 8.35 they charge in Venezuela.
What was Venezuela’s highest inflation rate?
Inflation Rate in Venezuela averaged 3776.40 percent from 1973 until 2021, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973.
How much is a loaf of bread in Venezuela?
Cost of Living in Venezuela
|Water (12 oz small bottle)||0.85$|
|Milk (regular), (1 gallon)||6.14$|
|Loaf of Fresh White Bread (1 lb)||1.73$|
How much is a house worth in Venezuela?
Property Prices in Venezuela
|Rent Per Month||Edit|
|Apartment (3 bedrooms) in City Centre||494.67$|
|Apartment (3 bedrooms) Outside of Centre||436.60$|
|Buy Apartment Price||Edit|
|Price per Square Feet to Buy Apartment in City Centre||73.69$|
What is the dollar worth in Venezuela?
Convert US Dollar to Venezuelan Bolívar
|1 USD||404,296,000,000 VEF|
|5 USD||2,021,480,000,000 VEF|
|10 USD||4,042,960,000,000 VEF|
|25 USD||10,107,400,000,000 VEF|
How much does a cup of coffee cost in Venezuela?
A cup of coffee in Venezuela’s capital Caracas now costs one million bolivars, equivalent to almost one-fifth of the monthly minimum wage. Owing to the country’s hyperinflation, one million Venezuelan bolivars, when converted into US dollars, comes to 29 cents (₹20).