Cup of coffee in Venezuela now costs 1 million bolivars

A cup of coffee in Venezuela's capital Caracas now costs one million bolivars, equivalent to almost one-fifth of the monthly minimum wage. Owing to the country's hyperinflation, one million Venezuelan bolivars, when converted into US dollars, comes to 29 cents (₹20). The inflation over the past 12 months in Venezuela climbed to 43,378%, according to Bloomberg.