Hyper-inflated arepa index reaches all time high (again)

March 8, 2018

My only remaining connection to Venezuela is the arepa index, also called the hyper-inflated arepa index, which was created as a way of keeping tabs on inflation. Boy, little did I know how it would grow!
The arepa cost 385,000 Bs on February 27. This gives a new all time high for the inflation rate since the cost was 225,000 Bs last month, which translates to a 73% per month increase. The previous record was 29% per month calculated at the end of January, which actually was an average over the previous two months. I thank my friend for sending the numbers to me. While he ate the arepa, I did not, we are using the same calculation methodology as before. God save the country with that inflation! But it seems that unless Maduro leaves and the economy is fixed, there can be no saving the country!!

That´s my opinion!

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9 Responses to “Hyper-inflated arepa index reaches all time high (again)”

  1. Audra Says:

    Having read this I thought it was extremely enlightening.
    I appreciate you spending some time and energy to put this content
    together. I once again find myself spending way too much time both reading and leaving comments.
    But so what, it was still worthwhile!

  2. Luis Guerrero Says:

    It is in line with February’s inflation of 89%.
    😦

  3. Rafael Says:

    Hola. Y siempre gracias. Nos puedes enviar chart con esta información arepa index, desde que la empezaron a llevar.
    Mil gracias

  4. Beatriz López de Brown Says:

    Tu blog ha hecho falta así es que me alegro al saber que estás mejor y que sigues parcialmente nuestra grave situación, aunque sea sólo a través de la arepa. Saludos de parte de una fiel lectora y admiradora.

  5. robhmcbride Says:

    Nice to hear from you and to know you are alive and kicking my Devilish 👿 friend…

    Cheers from just beyond the other side… 😉

  6. Lazarus Says:

    Visuals help mak eit clear, maybe a chart of price vs. time? So good to “hear” the Devil again.

  7. Noel Says:

    Simple question, how do people buy these arepas? With US dollars? I can’t see them with wads of money walking the streets given the reported insecurity?

  8. Daveed Says:

    At risk of having my comment deleted again, I ask again: does hyperinflation invariable accelerate, does it depend on the situation, or does it really not make much difference at that point?


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