Venezuela annual inflation nears 14,000 percent

Venezuela's annualized inflation reached nearly 14,000 percent in April, according to figures released on Monday by the country's opposition-led National Assembly, which publishes its own economic indicators amid silence at the central bank. The Opec nation's socialist-run economy has collapsed, leaving the country withering under hyperinflation, constant shortages of food and medicine, and a growing exodus of Venezuelans seeking better conditions elsewhere.
President Nicolas Maduro says the country is victim of an "economic war" by opposition leaders that he says has been fuelled by financial sanctions imposed by Washington. Consumer prices rose 80 percent in April, compared with 67 percent in March, according to the legislature's figures, and rose 13,779 percent in the 12 months ending in April.