Archive for November 17th, 2015

Hyperinflated Arepa Index (HAI) X: One year, 441% rise

November 17, 2015


Today is November 17th. It was exactly one year ago that I went to my favorite arepera and surprised at the sudden rise of my also favorite arepa con queso de mano, pictured above, that I decided to start keeping records of the price in each of my visits.

Today, there are no graphs. They are not needed. One year ago, the arepa was Bs. 120. Today it was Bs. 650. That is a rise of 441.7% in twelve months (sorry, I had subtracted twice the 100%, one in the spreadsheet and one in my mind*). Absolutely depressing…

There is little that I can say positive about this. At least, scarcity did not hit my arepa directly and I was able to eat it each time I went. Tonight’s was particularly delicious, the guy heard me when I asked for the “mas tostadita” (the darkest one) one and, as you can see, the filling was quite generous too. Depressingly enough, the tip I gave him was almost the price of the arepa one year ago. At least he deserved it for his service…

*How did I do that? Easy, I did not look at the spreadsheet cell which already subtracted the 100% and thought it was the ratio, rather than the actual calculation, thus I subtracted it twice, one in the cell, the other mentally.