Daisy Luther – June 1, 2016
Now, those who are having difficulty finding food in Venezuela have another problem: being able to afford it. Food costs in Venezuela have soared so high, they’re practically extraterrestrial. Those who didn’t stock up on emergency food back before the government there made it illegal are now probably fervently wishing they had.
Hyperinflation is when prices increase to ridiculous amounts very quickly, and it usually happens when a country’s currency becomes worthless due to economic collapse or deficit spending, after the government prints more money that is backed by nothing.