Facing a 682% inflation rate, Venezuelans work three or more jobs and still can barely afford any food. ‘Everything is so expensive’

1 month ago 3

At the White House, President Donald Trump vows American intervention in Venezuela will pour billions of dollars into the country’s infrastructure, revive its once-thriving oil industry and eventually deliver a new age of prosperity to the Latin American nation.

Here at a sprawling street market in the capital, though, utility worker Ana Calderón simply wishes she could afford the ingredients to make a pot of soup.

“Food is incredibly expensive,” says Calderón, noting rapidly rising prices that have celery selling for twice as much as just a few weeks ago and a kilogram (2 pounds) of meat going for more than $10, or 25 times the country’s monthly minimum wage. “Everything is so expensive.”

Venezuelans digesting news of the United States’ brazen capture of former President Nicolás Maduro are hearing grandiose promises of future economic prowess even as they live through the crippling economic realities of today.

“They know that the outlook has significantly changed but they don’t see it yet on the ground. What they’re seeing is repression. They’re seeing a lot of confusion,” says Luisa Palacios, a Venezuelan-born econom...

Read Entire Article