My brother just sent me this link. This is the most concrete example I’ve seen of what inflation can do to a country. It’s really hard to fathom unless you live here. Venezuela has one of the highest inflation rates in the world. To be brutally honest, it doesn’t affect me because my salary is not in the local currency. My friends who do get paid in the local currency…I don’t know how they make it every month.
I thought I learned the definition of hustling when I moved to NYC.
That’s what people have to do here with inflation the way it is.
Update: Back in August, 2014 I spent 230 bolivares fuertes for a bottle of extra virgin olive oil. On October 14th I spent 1,075 Bs for a bottle of olive oil. I use EVOO (as a famous TV chef calls it) to cook AND to deep condition my natural hair. I had sticker shock (which kept me from buying a 990 bs bottle), but finally decided to bite the bullet out of vanity. I wanted to continue deep conditioning my hair, and I didn’t want to rely on the less healthy option of vegetable oil to cook all my food.
This is the epitome of inflation in Venezuela.