» » Venezuela's Inflation Rate Is Now 482,153 Percent A Year

Venezuela's Inflation Rate Is Now 482,153 Percent A Year


The Week: A minimum-wage worker in Venezuela could afford 5 cups of coffee each month — and nothing else

Five million Venezuelan bolivars is the equivalent of $1.45. It's also roughly a minimum-wage worker's entire monthly salary in the South American country.

Thanks to stunning inflation, it now takes 1 million bolivars to buy a cup of coffee in a Venezuelan cafe, Bloomberg reports. That's one-fifth of Venezuela's monthly minimum wage, and a 10,000-bill stack of Venezuela's most common bank note, the 100-bolivar bill.

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WNU Editor: For those who follow money .... you cannot get any worse than this.

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