Venezuela Breaks One of World’s Longest Hyperinflation Bouts
(Bloomberg) — Venezuela broke a four-year bout of hyperinflation, one of the longest in the world, as the socialist government slowed the pace of printing money and the U.S. dollar became the preferred currency in the country.
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Prices rose 7.6% in December from November, according to the central bank, marking a full year with monthly inflation below 50%, the threshold most economists commonly use to define hyperinflation. On an annual basis, Venezuela ended 2021 with…