Sunday, February 3, 2019
58 Episodes of Hyperinflation (Venezuela is #23)
From Conversable Economist:
“Steve Hanke has devoted considerable effort to building up data on hyperinflations during the last century or so. He offers a quick overview of this work in Forbes (January 20, 2019). Below is his list of hyperinflations. When it comes to Venezuela, he writes:
Now, let’s turn to the world’s only current hyperinflation: Venezuela. It ranks as the 23rd most severe. Today, the annual rate of inflation is 120,810%/yr. While this rate is modest by hyperinflation standards, the duration of Venezuela’s hyperinflation episode, as of today, is long: 27 months. Only four episodes of hyperinflation have been more long-lived.
Here’s the table of all 58 hyperinflations:”
Posted by at 8:16 AM
Labels: Macro Demystified
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