Wednesday, May 30, 2018

Venezuela is Experiencing Hyperinflation,Turkey May Be Next

Paying for a banana in Venezuela
Steve Hanke writes:
Using the PPP  methodology,  I've confirmed Venezuela as the 57th known case of hyperinflation in world history.  Turkey should beware.  Using PPP, I measure Turkey’s annual inflation at almost 40%, almost 4 times higher than the official rate.


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