VOICED : Inflacion en Venezuela supero el 56% este

In 2014, Venezuela's inflation rate tripled, reaching 56.2%, the highest in Latin America. President Nicolás Maduro attributed this to a parasitic capitalist economy and took measures like reducing prices of goods to combat what he called an economic war by the private sector. These actions, supported by security forces, helped slow inflation in the last months of the year. Analysts point to strict currency and price controls as causes of inflation. Maduro announced plans for a new economic order in 2014, aiming for a transition to socialism.

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