The New Tax that Could Deflate the Economic Recovery
Business leaders and economists warn that punishing transactions in USD, as the Maduro government is preparing to do, can reignite inflation and increase informality
Tag: Hyperinflation
When Will Hyperinflation End?
Venezuela joined the exclusive club of hyperinflationary four years ago, at the end of 2017. The end is near
Dropping the Caracas Chronicles NFT Bills
We designed an NFT campaign to help fund Caracas Chronicles and after a couple of weeks of tweaking the drop, we're ready. We've got a date and a merry band of experts to celebrate it with
Heading to the Longest Hyperinflation in History
Venezuela surpassed fifty percent in monthly inflation rates in 2017 and it has gone over that number many times since. But for the last seven months the monthly price increase has been lower. If it continues this way, it could declare itself hyperinflation free in January 2022. Will it do it with elections coming up?
The Basic Food Basket Reached a Historical High of $303
the Venezuelan Observatory of Finance reported that the inflation in July was 19%, because of the bolivar’s devaluation. Monday was the International Indigenous Peoples Day, which has been used for propaganda under chavismo, while they strip them of their rights. Activists ask Bachelet to pay attention to the case of three detained FUNDAREDES activists.
A New Currency Redenomination Is Coming to Venezuela
The almost extinct bolívar is about to experience its third metamorphosis in 13 years. It's unavoidable but most likely useless
I See Your Million, and Raise You a Beco Bond
While chavismo insists on looking for solutions to the cash shortage that in the short run worsen the economic crisis, the private sector gets smart
Venezuelans Helpless Against Unsparing Hyperinflation
All Venezuelans today, regardless of the currency they handle, are suffering the effects of an imploding economy that displays just how fragile the “privileged” bubbles truly are
Happy First Anniversary, Hyperinflation... When Will You Go Away?
It’s been a year of hyperinflation in Venezuela, with a yearly rate that ravages consumers’ purchasing power and devours companies left and right. Just where does it ends?
Public Transportation Crumbles Under Fare Increase
Public transportation has new prices. Some services have increased by 1000%, others by 400% and others by 1.250.000%. Will this higher fare price help improve a broken industry? We don’t think so.
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate