Archive for January 21st, 2015

Hyperinflated Arepa Index part III

January 21, 2015

arepa

I was not planning to eat an arepa early in my visit to Caracas, but last night things did not work out and had a couple of arepas. Here is the record so far for the price of an arepa with queso de mano at my favorite arepera:

Nov. 17th. Bs 120

Dec. 7th. Bs. 156 Increase of 30% in three weeks

Jan. 21st. Bs. 178.6 increase of 14.7% in six weeks

Total increase 49.1% in nine weeks, I don’t even want to annualize it!

The optimists would say inflation is slowing down. I imagine a Government official would even make a plot and show it. For now I keep measuring it and it does not look pretty.

But, they are still delicious!