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Hyperinflation only kicked in in Venezuela after the plunge in oil prices, but up until that point industry in Venezuela had been dying. In Brazil it followed

• lnino 9y ago
  There was already super high inflation in both cases before the supply crises. It's just it got way worse because the government reacted to the threat by printing even more money to pay for its spending. Unless you think 100% a year is not hyper-inflation. And how the hell an energy crisis can get the price of beef to go up 5000% a year, in a country that's a leader in beef production?
  • crdoconnor 9y ago
    50% monthly inflation is a common definition. It's around the point where inflation doesn't tend to ever come down again. Iraq has had 300% a year at one point and it came down.