MercoPress, en Español

Montevideo, May 25th 2019 - 22:00 UTC

Tag: Hyperinflation

  • Tuesday, February 19th 2019 - 09:23 UTC

    Trump calls on Venezuelan military to support opposition leader Juan Guaido

    Trump issued a dire warning to Venezuela's military if they continue with Maduro: “you will find no safe harbor, no easy exit, no way out. You will lose everything.”

    President Donald Trump said on Monday that “a new day is coming in Latin America,” as he sought to rally support among the largest Venezuelan community in the U.S. for opposition leader Juan Guaidó. Speaking at Florida International University in Miami before large American and Venezuelan flags, Trump said the U.S. stands behind Guaido, whom the U.S. recognizes as the country's rightful president, and condemns President Nicolas Maduro's government and its socialist policies.

  • 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.