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Hiiiiiiii, could you please help me with this economic question? Venezuela's inflation spiked after Maduro's election Estimate for 2018 is off the scale 1,300,000% Chavez

Hiiiiiiii, could you please help me with this economic question?
Venezuela's inflation spiked after Maduro's election Estimate for 2018 is off the scale 1,300,000% Chavez Maduro elected elected 160 140 120 100 80 60 40 20 O 2000 2002 2004 2006 2008 2010 2012 2014 2018 Source: Bloomberg/Reuters estimate for 2018 BBG a) State which type of inflation occurred in Venezuela after Maduro's election (2014 onwards). (1 mark) b) Explain what could have possibly caused this inflation 'spike'? (4 marks) c) Carlos is a taxi driver, who has been saving a portion of his earnings in the bank for when he retires. In your opinion, how was Carlos affected by this inflation 'spike'? (10 marks)

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