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Inflation and crime rates soar
Venezuela’s hyperinflation topped 1.3 million percent in November of 2018, and the International Monetary Fund predicts the rate will reach 10 million percent in 2019. Despite the government’s attempts to fix the problem by establishing a “sovereign Bolivar” and raising the minimum wage, prices of products continue to increase drastically. In December, Bloomberg reported that the price of a cup of coffee doubled in the span of one week in Caracas.
Although Venezuela’s murder rate has seen a small decline in recent years, which Venezuelan Observatory of Violence Director Roberto Briceño links to the influx of people migrating out of the country, it is still the highest in the world at 81.4 per 100,000 inhabitants. In 2016, Associated Press correspondent Hannah Dreier recounted that many people choose to drive through red lights at night to avoid carjackings like the one that claimed Mónica Spear’s life in 2014.