Venezuela is in a difficult situation. Hyperinflation describes the economic environment best. For 2017, the IMF estimates a consumer price inflation of 650% y/y, and for 2018, the estimate is 2,300%.
![Hyperinflation in Venezuela Hyperinflation in Venezuela](https://blog.en.erste-am.com/wp-content/uploads/2017/11/20161228_PD2561_venezuela.HR_-370x210.jpg)
Venezuela is in a difficult situation. Hyperinflation describes the economic environment best. For 2017, the IMF estimates a consumer price inflation of 650% y/y, and for 2018, the estimate is 2,300%.