mo4ch:>The human cost of US ‘economic war' on Venezuela: Hyperinflation hits 130,000% last year | Mo4ch News

Venezuela’s inflation has been soaring dramatically and reached 130,060 percent in 2018, the country’s central bank said in its first report on key economic indicators since 2015.The latest data from the watchdog released on Tuesday means that an item that cost 1 bolivar in 2017, cost 1,300 bolivares a year later. Even compared to the huge inflation spike in 2017 of 862.6 percent, last year was disastrous for the country's economy.Venezuela’s central bank published its previous report three years ago. Before the latest release, inflation data and forecasts were published by the opposition-controlled National Assembly and some international organizations. For example, the International Monetary Fund projected an inflation of over 10 million percent for this and next year.Also on rt.comYears of US sanctions have cost Venezuelan economy $130 billion – officialThe economy of the sanctions-hit Bolivarian Republic shrunk by 47.7 percent in the five years since 2013, with the country’s G…