Price of corn flour in Venezuela soars 900 percent

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food warehouse

AFP – May 24, 2016

Caracas (AFP) – Venezuelans on Tuesday woke up to discover that the government-controlled price of corn flour — used to make corn patty arepas, a staple of local cuisine — has risen 900 percent.

The socialist government of President Nicolas Maduro had kept the price of corn flour frozen for 15 months at 19 bolivares a kilogram (two pounds).

But late Monday the government’s Superintendent of Fair Prices increased the price to 190 bolivares a kilo, or $19 at the government rate used for imports such as medicine and scarce food.

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