This is what happens when super aggressive money printing, totalitarianism and socialism meet.
Bloomberg reports:
We called it the Bloomberg Cafe Con Leche Index, and as the name would suggest, it tracks just one item: a cup of coffee served piping hot at a bakery in eastern Caracas. Its price has jumped to 120,000 bolivars* from 1,800 bolivars over the past 12 months, an increase of 6,567 percent.-Robert Wenzel
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