70: Cafe Con Leche Can Track Hyperinflation in Venezuela

Stephanomics

• Episode: 70: Cafe Con Leche Can Track Hyperinflation in Venezuela
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:16:58
• Published: 2017-01-12 22:33

Everyone knows inflation is out of control in Venezuela. But the government long ago stopped publishing figures on a regular basis, leaving economists to dial up what are essentially wild guesses. Enter the Bloomberg Cafe Con Leche Inflation Index. It tracks just one item: A piping hot coffee at a bakery in eastern Caracas. Yet it provides a unique look at inflation in one of the world's most dysfunctional economies. David Papadopoulos, a Bloomberg managing editor in New York, and Fabiola Zerpa, a Bloomberg correspondent in Caracas, join Scott to talk about the gauge, and just how bad things really are in the nation. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com