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Capriles: Inflation in Venezuela may hit 600%

Miranda state governor Henrique Capriles said inflation in the country exceeded 20% last month
Miranda state governor Henrique Capriles said inflation in the country exceeded 20% last month

TODAY VENEZUELA – Miranda state governor Henrique Capriles said that inflation in Venezuela as of March this year exceeded 20%, a figure which, in his view, mirrors the serious economic crisis the country is facing.

Capriles based his remarks on data from the Central Bank of Venezuela (BCV), which has not been officially disclosed yet.

“Venezuela will end up with a 500-600% inflation. If we thought January-March were hard months, what is expected to occur in April-June in economic matters is much worst,” the governor explained in a press release.

“We are facing an economic and social crisis which is worsening the political hardship. We know the situation is difficult, yet a social uprising cannot be the answer. For such reason we must hold elections so that the change will be peaceful, democratic, constitutional and, above all, electoral,” Capriles underscored.