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Venezuela reports 2020 inflation of 3,000 percent

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/afp/02/12/venezuela.jpg"/><figcaption>Venezuelans ride on a motorcycle at a street in the popular Petare neighborhood within the framework of the flexible week that is part of the program established by the government to prevent the spread of COVID-19 in Caracas on January 11, 2021. The government program known as 7-7 allows many shops, workshops and companies to open their businesses during the flexible week and closes them during the radical week. <em>Agence France-Presse</em></figcaption></figure></div><p>CARACAS, Venezuela - Venezuela ended 2020 with inflation of nearly 3,000 percent, the central bank said Thursday.</p><p>The oil-rich country is mired in the worst economic crisis of its modern history and struggling through its seventh straight year of recession.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/10/08/20/venezuela-once-an-oil-giant-reaches-the-end-of-an-era">Venezuela, once an oil giant, reaches the end of an era</a></li>	<li><a href="https://news.abs-cbn.com/spotlight/05/07/19/how-a-chinese-venture-in-venezuela-made-millions-while-locals-grew-hungry">How a Chinese venture in Venezuela made millions while locals grew hungry</a></li></ul><p>Venezuelans endure acute shortages of food and medicine and even such basics as soap and toilet paper.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/09/10/20/smuggled-gasoline-rescues-venezuelans-running-on-fumes">Smuggled gasoline rescues Venezuelans running on fumes</a></li></ul><p>The inflation figure for 2019 was 9,585 percent, the bank said.</p><p>atm/jt/gm/dw/acb</p><div><strong>© Agence France-Presse</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/ma36I0LsfBk?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>CARACAS, Venezuela - Venezuela ended 2020 with inflation of nearly 3,000 percent, the central bank said Thursday.</p>

CARACAS, Venezuela - Venezuela ended 2020 with inflation of nearly 3,000 percent, the central bank said Thursday.