Archive for January, 2018

Hyper inflated arepa index hits an all time high

January 31, 2018

A good friend just reported back to me that on Jan 27 the price of my usual queso de mano arepa bought at my favorite arepera was 225,000 Bs., up from essentially two months earlier when it was 35.000 bolivars, for a rise of roughly 270% a month!

Although some months I did not measure it because of my accident, the hyper inflated arepa index hit an all time high. It is a record which is indicative of prices in my country, Venezuela. Inflation is running at an all time high as measured by this index and is a reflection of the bad economic policies.

The timing of this report coincides with progress in my recovery: I am feeling somewhat better.

The friend reported the arepa was as good as ever!

Advertisements