To be honest, I did not think of reading, much less writing, that Venezuela has overcome hyperinflation after more than 7 years of hyperinflationary balances that have undermined economic and financial theory on a global scale.
With this entry I would not like to touch any political aspect, so, I will try to approach this topic from an analytical deductive position, so, if any of the readers are interested, they can investigate and create their own criteria.
The truth is that Venezuela has been experiencing four consecutive months with a single-digit inflationary variation with a downward trend, a fact that has been correlated with a progressive increase in the purchasing power experienced by the country in the last quarter of the year 2024.
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Although much has been said that Venezuela is the only country that has faced one of the longest hyperinflationary processes in modern history, it is worth mentioning that with the current hyperinflation cycles with a downward trend, Venezuela becomes the first country to overcome such a negative process in less than 7 years.
Undoubtedly, this is excellent news for all my Venezuelan brothers and sisters, as we long for our country to return to the path of economic and financial stability, which will allow us to return to a normal exchange rate, recover our salaries and thus be able to meet our living expenses as some of us did before the arrival of the hyperinflationary crisis.
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Source: parisbeacon
