Hyperinflation has ended in Venezuela, but economic crisis remains

Latin America

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Venezuela has emerged from a four-year cycle of hyperinflation, but there’s still a long way to go before its economic crisis ends. 

The country’s central bank says annual inflation hit almost 690 percent in December 2021. The previous year it reached almost 3000 percent.

For four years, monthly inflation rates surpassed 50 percent, making it one of the longest periods of hyperinflation in history.

CGTN’s Mary Triny Mena reports.