These Economies Are Getting More Miserable This Year – Bloomberg

Economic woes have plagued Venezuela for years. Sluggish oil prices, the country’s only significant export, have fueled a crisis that has left grocery store shelves empty, hospitals without basic medication and violent crime rampant as desperation leads to anger. While the country has not reported economic data since 2015, Bloomberg’s Cafe Con Leche Index, which aims to track inflation via the cost of a cup of coffee, shows a price surge of 1,419 percent since mid-August. Economists estimate that prices will rise almost six-fold this year, according to the median estimate in a Bloomberg survey.

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