Venezuela's inflation hits more than 40,000% as investors dump its currency 'like a hot potato'

REUTERS/Marco Bello

• Inflation in Venezuela rose above the 40,000% mark this week.
• The Maduro regime is bleeding money.
• Some economists say the economy will continue to spiral as long as Maduro holds power.

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Venezuela's inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record. 

Steve H. Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday that annual inflation in the country has risen as high as 41,838%. Hanke, who calculated the inflation figure, has tracked prices in the country for more than two decades.

See the rest of the story at Business Insider

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