Month: March 2018

Venezuela’s 4,000% Hyperinflation ‘Breaks’ Cash-Weighing Scales

How bad is it in Venezuela? Well, it’s hard to tell because their government refuses to publish basic statistics. So, Bloomberg created their own gauge to measure one of the most important of all the missing figures – inflation (or hyperinflation in this case). It tracks just one item: a cup of coffee served piping hot at a bakery in eastern Caracas. Its price has jumped to 75,000 bolivars from 1,800 bolivars over the past 12 months, an increase of 4,067%.

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CHANGE LANGUAGE/CAMBIAR IDIOMA

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