# IMF World Economic Outlook estimates 2018 inflation at about 1.37 million percent Date: 2018 ## The fact On 9 October 2018 the IMF World Economic Outlook estimated Venezuelan consumer-price inflation at about 1,370,000 percent for 2018 and projected even higher figures for 2019. BCV had stopped a regular public CPI. It is labelled as an IMF estimate, not as a BCV board print, and not as a unique later poverty coefficient from that Tuesday. ## Context 2016 leaked contraction sat as parent. Neighbouring 2018 reconversion is a neighbour monetary instrument. He did not sit as the IMF. 2016 GDP leak is the parent collapse. 2022 dollarization slowdown is a much later child print. The President of Venezuela heads the national executive, commands FANB as commander-in-chief, appoints the cabinet, and can request enabling laws. He does not write an OFAC designation, an ICC Pre-Trial Chamber decision, or a Colombian migration statute. A CNE announcement is not an opposition acta and is not a Carter Center finding. Those three statuses stay on separate rows. An ICC investigation is not a conviction. An IMF figure is labelled as an estimate where BCV stopped publishing. Sanctions after 2017 and 2019 are an external causal factor; they do not erase the pre-2017 PDVSA-and-policy collapse. ## Evidence and sources International Monetary Fund carries the official instrument or communique. Reuters records the same dated act independently. ## Significance The path is [inflationary pressure](/drivers/inflationary-pressure) and [household purchasing power](/drivers/household-purchasing-power): a completed hyperinflation estimate after official CPI silence. ## What is established and what is not Established: October 2018 IMF WEO inflation estimates for Venezuela, independently reported, labelled as estimates. Not established: that BCV uniquely certified 1.37 million percent that day, or a unique later UNHCR coefficient from that Tuesday. What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions. The date is the date of this instrument, not a licence to back-date every later harm or benefit. He owned monetary financing and price-control policy. BCV and PDVSA share the parent collapse file.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies IMF World Economic Outlook estimates 2018 inflation at about 1.37 million percent, not a later speech about IMF World Economic Outlook estimates 2018 inflation at about 1.37 million percent. Co-authors and later implementers named in Context remain on the file. IMF World Economic Outlook estimates 2018 inflation at about 1.37 million percent on 2018-10-09 is not a licence to treat every later International Monetary Fund communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average IMF World Economic Outlook estimates 2018 inflation at about 1.37 million percent into a personality. The contribution described on this Person row is limited to IMF estimated after BCV silence. He owned monetary financing and price-control policy. BCV and PDVSA share the parent collapse file. That limit is the alternative to treating office-holding as authorship of every later series. ## People - Nicolás Maduro: https://factrail.ai/people/nicolas-maduro ## Drivers - Inflationary Pressure: https://factrail.ai/drivers/inflationary-pressure - Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power ## Sources - https://www.reuters.com/article/economy/imf-sees-venezuela-inflation-at-10-million-percent-in-2019-idUSKCN1MJ1YW/ - https://www.imf.org/en/Publications/WEO/Issues/2018/09/24/world-economic-outlook-october-2018 ## Methodology https://factrail.ai/methodology Canonical: https://factrail.ai/facts/ve-imf-2018