VOICED : Inflacion en Venezuela supero el 56% este

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

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