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14m bolivars for a chicken: Venezuela hyperinflation explained
This article is more than 3 years old
As South American country faces soaraway prices, what is hyperinflation and why is it bad for the economy?
IMF economists are predicting that Venezuela’s inflation rate could exceed 1,000,000% this year
A 2.4 kg chicken currently costs 14,600,000 bolivars in Venezuela, the equivalent of $2.22 USD. Photograph: Carlos Garcia Rawlins/Reuters
https://www.theguardian.com/world/2018/aug/20/venezuela-bolivars-hyperinflation-banknotes