In Venezuela things are worse, they just removed 6 zeroes to their currency.
Yes we did.
But I must say that using my country as example of incoming inflation within developed countries like USA or the European Union is a bit out of place in my opinion, because of several reasons:
- Our national currency is being slowly replaced by other FIATs, mostly USD
- Our inflation has been slowing down lately, we are still having inflation but it is nothing like the 100% per week we used to have back in 2015-2018.
-Our inflation it was because extremely reckless economical measures by the central bank, that prefered to follow the orders of the president (political orders) instead worrying about the macro-economonics. This is the kind of recklessness I would not expect in any serious economy like USA, China or the EU.
I'll let this Graph so you can have an idea of how the inflation have developed these years. Have a good day.
Source:
https://twitter.com/steve_hanke/status/1225497638063075328?lang=uk