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realclearworld

The high price of Cubanization: Killer inflation in Venenozuela

People wait in line as they buy toilet paper in a super market in Caracas

Castrogonia's poisoned colony of Venenozuela is swallowing a bitter pill: runaway inflation.

The real tragedy is not metaphorical: Many Venezuelans can no longer afford the basics, when they can find them.

Let's not forget all the shortages and the rationing that has gone into effect.

You can thank Maduro for this, and Chavez, and Raul Castro, and Fidel Castro, and their thousands of "advisors" in Venenozuela, along with the millions of Venezuelans who voted for "21st century socialism."

A la cola!

A la cola!

From El Universal:

Food basket price up 69.1% in one year

Sustained increases in the price of food have a direct impact on the quality of life of the Venezuelan population. Based on the latest surveys conducted by the Center for Documentation and Social Analysis (Cenda), in March the minimum wage (USD 519.1) was enough to afford 45% of the food basket.

In March, the food basket averaged USD 1,150, 6.3% up as against February, Cenda estimated.

According to center, the food basket went up 13% in the first quarter. The price variation in one year was 69.1%.

Meanwhile, the official figures disclosed by the National Statistics Institute (INE) show that 25.4% of Venezuelans did not have enough money to afford the basic food basket in the first quarter of 2012; the figure climbed to 32.1% one year later.

The price of seven out of 11 goods comprising the food basket, Cenda explains, shot up in March. For instance, milk, cheese, and eggs jumped USD 12.1%.

Maaaadurito!

Maaaadurito!

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