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Economic

Venezuela Faces Soaring Inflation And Growing Unrest

Venezuela's economy faces severe inflation and worsening living conditions after Maduro's ouster in January 2026.

Venezuela is experiencing a new wave of economic hardship following the ouster of President Nicolas Maduro in January 2026. The country's annual inflation rate reached around 600% in February 2026, with the bolivar rapidly losing value. Oil production dropped by 21% in January 2026, reducing export revenues and dollar inflows. A typical family now needs about 677 US dollars per month for basic groceries, while wages remain at poverty levels with the minimum wage effectively frozen for years. Roughly 80% of surveyed Venezuelans report that the economic situation has not improved compared to 2025, contributing to widespread frustration and social unrest.
Status
active
Location
Venezuela
Date added
2026-04-01 14:13 UTC
Added by
gregoryamericaapdrmis
Last updated
2026-04-01 14:13 UTC
Source
https://abcnews.go.com/alerts/venezuela?med
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