Date: 12 February 2021 3:22pm WAT
(FILES) In this file photo taken on September 03, 2020 a man buy bananas at the municipal market of Chacao in Caracas amid the COVID-19 novel coronavirus pandemic, as inflation increases in Venezuela which is in the midst of the worst economic crisis in its history after seven years of recession. - Venezuela closed 2020 with an accumulated inflation of 2,959%, according to figures published on February 11, 2021 by the Central Bank (BCV). (Photo by Federico PARRA / AFP)
(FILES) In this file photo taken on September 03, 2020 a man buy bananas at the municipal market of Chacao in Caracas amid the COVID-19 novel coronavirus pandemic, as inflation increases in Venezuela which is in the midst of the worst economic crisis in its history after seven years of recession. - Venezuela closed 2020 with an accumulated inflation of 2,959%, according to figures published on February 11, 2021 by the Central Bank (BCV). (Photo by Federico PARRA / AFP)
Venezuela ended 2020 with inflation of nearly 3,000 percent, the central bank said Thursday.
The oil-rich country is mired in the worst economic crisis of its modern history and struggling through its seventh straight year of recession.
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Venezuelans endure acute shortages of food and medicine and even such basics as soap and toilet paper.
The inflation figure for 2019 was 9,585 percent, the bank said.
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