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Title : The Cafe Con Leche Index: Venezuelan Cost Inflation Hits 6567%

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The Cafe Con Leche Index: Venezuelan Cost Inflation Hits 6567%

This is what happens when super aggressive coin printing, totalitarianism as well as socialism meet.

Bloomberg reports:

We called it the Bloomberg Cafe Con Leche Index, as well as equally the mention would suggest, it tracks only ane item: a loving cup of java served pipe hot at a bakery inward eastern Caracas. Its cost has jumped to 120,000 bolivars* from 1,800 bolivars over the by 12 months, an growth of 6,567 percent.

-Robert Wenzel

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