Hyperinflation nation

Americas Now

Imagine living in a country where the price of everything doubles every 18 days and where in one year, the price of anything can rise well above 1,200 percent.

That’s been the recent reality for Venezuelans, whose economy has been ravaged by the fall in the global price of oil, declining productivity, and political turmoil.

Stephen Gibbs reports from Caracas, on life in the midst of hyperinflation.

Hyperinflation nation

Hyperinflation nation

Imagine living in a country where the price of everything doubles every 18 days and where in one year, the price of anything can rise well above 1,200 percent. That’s been the recent reality for Venezuelans, whose economy has been ravaged by the fall in the global price of oil, declining productivity, and political turmoil. Stephen Gibbs reports from Caracas, on life in the midst of hyperinflation.
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