MercoPress, en Español

Montevideo, September 25th 2018 - 08:01 UTC

Tag: Hyperinflation

  • Friday, September 7th 2018 - 09:22 UTC

    Latin American countries will receive Venezuelan migrants even with expired documents

    More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports

    Eleven Latin American countries say that they have agreed to allow Venezuelans leaving their homeland to enter their countries even if their travel documents have expired. More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports because renewing them can take years.

  • Tuesday, January 2nd 2018 - 10:20 UTC

    Hyperinflation that degrades any salary increase

    There was registered an increase in the price of more than 100% of several foods this month, some of which exceeded their cost by 1,500% in the course of 2017.

    A new salary increase arrived to Venezuela -the seventh in a year-, but the purchasing power of Venezuelans continues insignificant compared to the high price of low supply due to hyperinflation. While it is not possible to slow down the variation of prices in the different products of the basic basket, any wage increase is insufficient and exacerbates the problem. In one year, salary increased 511%, while inflation in 2017 closed at 2.735%, the highest in the world.