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Surviving hyperinflation - here is how much money the Venezuelans spend on everyday items

Hyperinflation are the reality for Venezuelan people today. The inflation rate has already reached 83,000% and is predicted to top 1,000,000% by the end of 2018. Read on to find out what it’s like to survive hyperinflation every day.



What else do you know about life in Venezuela today? What do you think about this situation? Do you think economic crisis in different countries can be predicted and prevented?


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31 Comments
Linda Spreng
When I was a kid, I really wanted to be in Venezuela for all their cultural opportunities. As I grew and Venezuela didn't, I figured I'd be better off living here in the USA. IMO, the tyrannical so-called leadership there has fattened their coffers on the workers' backs. Pitiful that such a beautiful country is being ravaged by the selfish.
0
May 9, 2020 12:52PM
Deena Grady
Socialist governments, historically this happens every time. It makes me wonder why educated thinking knowledgeable people would, for even one moment, consider that this type of government is a good idea?
0
Apr 13, 2020 5:12PM
June Dutt
Sad indeed Victoria Rivas, I live in India and we think inflation has led to so much of hardships for ordinary people- but I’m horrified to learn about the inflation level in your country
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Jan 23, 2020 11:44AM
Jim Adams
Herman Kanter, sounds great, except everything you mentioned is nothing more than a pipe dream. It doesn’t matter what is available (which none of it is) if nobody has the money to pay for it. What you are describing is nothing more than a paradise for the urber rich.
0
Nov 7, 2019 11:41PM
Jim Adams
Pretty messed up dumbing down the issues in Venezuela to a few dollars and cents. The problems down there go a lot deeper than just hyperinflation. There’s the lack of necessary services, lack of medical service and needed medications, rampant crime and corruption of the police, the courts and all the way to the top of the government. Your ultimate mistake is in telling all of our readers how cheap, by American standards, everything is in Venezuela without also telling America how little the people in Venezuela actually earn and how hard it is actually get everything you listed. Earning minimum in the United States, your list makes living in socialist Venezuela look like paradise but it doesn’t matter how much money you have when even the bare necessities of life can’t be found.
2
Nov 7, 2019 11:34PM
loreilly
It's very sad to learn this! We are so spoiled and blessed to be poor yet we still can live comfortably. I will pray for this country and others like it!
1
Oct 23, 2019 8:47PM
Herman Kanter
Venezuela has more to offer than Oil and Refineries. Dubai figured out that the future of their economy cannot be based simply on their oil reserves. With access to the Sun, hydro-electric, and oil, Venezuela can be the power house of SA. With their access to Cuban medical staff people, along with foreign investment, Venezuela can be THE medical procedure destination of the Western Hemisphere. Establish stability and political trust with the U.S., this could be country that Americans can afford to retire to and tourism would flourish.
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May 15, 2019 5:04PM
Jim Rivera
Sherry Holliday, You have to ask, "What happened to this country"?. Our involvement is what happened. In typical fashion, just like the other countries we meddle with.
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Apr 27, 2019 6:42PM
Dirk Byker
The high price of socialism!
2
Sep 27, 2018 2:23AM
Tim Gaines
Venezuelans really know what it's like to "Feel the Bern!"
2
Sep 27, 2018 12:20AM
Cathie Roth Lonnquist
This was very informative. I can't imagine what would happen in this country if something on this scale occurred. I feel very sorry for the Venezuelans.
3
Sep 22, 2018 8:11PM
Sherry Holliday
I had no idea - thank you for the info! They need humanitarian aid from us at the least & other countries as well - we shouldn’t be the only country that steps in all the time. I soo very sorry for them. I’m retired & on a fixed income.
1
Sep 22, 2018 11:06AM
Richard Perkins
Venezuela, how is socialism working for you? American socialists, do you want America to become like Venezuela?
4
Sep 22, 2018 9:32AM
Carol Jones
I love the US Dollar equivalents, they’re mostly half the price of the same British items.
1
Sep 22, 2018 6:40AM
Maureen Whitehall
Victoria (see below) Well said,
0
Sep 22, 2018 3:20AM

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