Surviving hyperinflation - here is how much money the Venezuelans spend on everyday items

The high price of socialism!

The inflation rate is not so bad in Venezuela. Food prices in the Philippines are even higher.

When I was a kid, I really wanted to be in Venezuela for all their cultural opportunities. As I grew and Venezuela didn't, I figured I'd be better off living here in the USA. IMO, the tyrannical so-called leadership there has fattened their coffers on the workers' backs. Pitiful that such a beautiful country is being ravaged by the selfish.

Socialist governments, historically this happens every time. It makes me wonder why educated thinking knowledgeable people would, for even one moment, consider that this type of government is a good idea?

Herman Kanter, sounds great, except everything you mentioned is nothing more than a pipe dream. It doesn’t matter what is available (which none of it is) if nobody has the money to pay for it. What you are describing is nothing more than a paradise for the urber rich.

Pretty messed up dumbing down the issues in Venezuela to a few dollars and cents. The problems down there go a lot deeper than just hyperinflation. There’s the lack of necessary services, lack of medical service and needed medications, rampant crime and corruption of the police, the courts and all the way to the top of the government. Your ultimate mistake is in telling all of our readers how cheap, by American standards, everything is in Venezuela without also telling America how little the people in Venezuela actually earn and how hard it is actually get everything you listed. Earning minimum in the United States, your list makes living in socialist Venezuela look like paradise but it doesn’t matter how much money you have when even the bare necessities of life can’t be found.

It's very sad to learn this! We are so spoiled and blessed to be poor yet we still can live comfortably. I will pray for this country and others like it!

Venezuela has more to offer than Oil and Refineries. Dubai figured out that the future of their economy cannot be based simply on their oil reserves. With access to the Sun, hydro-electric, and oil, Venezuela can be the power house of SA. With their access to Cuban medical staff people, along with foreign investment, Venezuela can be THE medical procedure destination of the Western Hemisphere. Establish stability and political trust with the U.S., this could be country that Americans can afford to retire to and tourism would flourish.

Venezuelans really know what it's like to "Feel the Bern!"

This was very informative. I can't imagine what would happen in this country if something on this scale occurred. I feel very sorry for the Venezuelans.

I had no idea - thank you for the info! They need humanitarian aid from us at the least & other countries as well - we shouldn’t be the only country that steps in all the time. I soo very sorry for them. I’m retired & on a fixed income.

I love the US Dollar equivalents, they’re mostly half the price of the same British items.

Victoria (see below) Well said,

The prices of goods mentionec are far cheaper than in our Pbilippine markets and supermarkets.

In N.Z. we pay $2.30 for a litre of petrol and $8.00 a kg for cheese, on special, $5.00 for 500gm of butter and around $20 for a kg of prime steak. ($.N.Z.). Admittedly our income is more than Venezuela.