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Cup of coffee in Venezuela now costs 2 million bolivars
short by Krishna Veera Vanamali / on Friday, 27 July, 2018
The price of a cup of coffee in Venezuela's Caracas soared to 2,000,000 bolivars this week from 190,000 bolivars in late April, according to Bloomberg's Cafe Con Leche Index. The trailing 12-month inflation rate as per the index stands at 86,857%. In the black market, where most people buy and sell dollars, 2,000,000 bolivars is worth less than $1 (₹68.7).
read more at Bloomberg