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Home > Stephanomics > 70: Cafe Con Leche Can Track Hyperinflation in Venezuela
Podcast: Stephanomics
Episode:

70: Cafe Con Leche Can Track Hyperinflation in Venezuela
Category: Business
Duration: 00:16:58
Publish Date: 2017-01-12 21:33:20
Description:

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.

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