Prices rose 833,997 percent in Venezuela over the past year

Prices rose 833,997 percent in Venezuela over the past year

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By Reuters

CARACAS, Venezuela — Venezuela’s consumer prices rose 833,997 percent in the 12 months through October, according to a report published by the opposition-controlled Congress on Wednesday.

Monthly inflation decelerated to 148 percent from 233 percent in September, the data showed, but left the OPEC nation on track to reach the 1 million percent inflation in 2018 expected by the International Monetary Fund after five straight years of recession.

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