Preface
The IMF predicts that by the end of 2019, the inflation rate will reach 10000000%, which means that the price has risen by 100,000 times in a year. This is really true. In an image, the country of Venezuela is only poor. Money.
This means that the five-dollar goods at the end of last year will rise to 500,000 yuan next year, and the goods are still the goods, and the money becomes too worthless.

The forecast for this inflation data was made by the IMF. The predictions they made before were conservative, but the recent developments in Venezuela have far exceeded expectations.

According to the latest report of the International Monetary Fund (IMF), Venezuela's annual inflation rate will soar to 1.37 million% by the end of the year as the government fails to make up for the expansion of the budget by printing money.

The latest forecast is up sharply higher than the IMF's forecast in early July (1000000%), which is 100 times larger than the January estimate (13,000%). According to the report, by 2019, consumer prices in Venezuela will rise by 10000000%.



The IMF maintains its economic forecast for Venezuela and estimates that Venezuela's GDP will shrink by 18% in 2018 – the country's third consecutive year of double-digit GDP decline.

According to the Venezuelan National Trade and Services Commission, 40% of stores are now forced to close after the government raises the minimum wage by 3,500%.

The committee's chairman, María Carolina Uzcátegui, pointed out that not only did 40% of the stores close, but 25% of the stores were suspended because the merchants did not have the cash to pay for the goods. A more complicated situation is that the goods sold in the store are sold at a lower cost than the cost, and the price increase cannot be used to make up for the mandatory salary increase. Because of the price increase, the owner will be arrested and will face fines and imprisonment.

In August this year, in the face of 40,000% of the history of rare hyperinflation, President Nicolas Maduro announced that the national minimum wage will be raised by 3,500% at a time. This is the fifth time Venezuela raised the minimum wage this year, which will increase 30 times. Up to about $30 a month.

Before the IMF predicted that Venezuela's inflation rate will reach 10,000 times, now it is better, it will reach 100,000 times, playing is the heartbeat, playing is what everyone can't imagine.

This has already refreshed the history of human inflation. I am afraid that few countries will have such vicious inflation in the future.
Of course, there have been several times in history. There have been vicious inflation that can blame Venezuela. Of course, it has also fallen into a deep disaster.