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RTR48OZ6
Venezuela's Surreal Prices - 02 Oct 2014
Venezuela's economic crisis has led to some shocking and surreal price distortions that hit people's buying power dramatically. While the government of President Nicolas Maduro calls the country's minimum wage of Bs. 4,252 the highest in the region when converted to $675 using the official exchange rate, the galloping black market for currency considers it as just $42.50 when converted at the street rate of Bs. 100 per US dollar, the rate which many importers and retail outlets must use to acquire hard currency. Venezuela's annual inflation rate of more than 63 percent is the highest in the Americas, according to official statistics.
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48NZK
October 02, 2014
A kilogram (2.2 lbs) of raw carrots as photographed in a studio with an illustrative price tag of $19.05...
Caracas, Venezuela
A kilogram of carrots as photographed with an illustrative price tag of $19.05 in Caracas
A kilogram (2.2 lbs) of raw carrots as photographed in a studio with an illustrative price tag of $19.05 (US dollars), equivalent to the Bs. 120 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. Venezuela's economic crisis has led to some shocking and surreal price distortions that hit people's buying power dramatically. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O5Z
October 02, 2014
An Adidas Adipure Crazy running shoe as photographed in a studio with an illustrative price tag of $1,198...
Caracas, Venezuela
An Adidas Adipure Crazy running shoe as photographed in a studio with an illustrative price tag of $1,198...
An Adidas Adipure Crazy running shoe as photographed in a studio with an illustrative price tag of $1,198 (US dollars), equivalent to the Bs. 7,547 (bolivars) a pair of them costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. While the government of President Nicolas Maduro calls the country's minimum wage of Bs. 4,252 the highest in the region when converted to $675 using the official exchange rate, the galloping black market for currency considers it as just $42.50 when converted at the street rate of Bs. 100 per US dollar, the rate which many importers and retail outlets must use to acquire hard currency. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O5Q
October 02, 2014
A Big Mac as photographed in a studio with an illustrative price tag of $14.60 (US dollars), equivalent...
Caracas, Venezuela
A Big Mac as photographed with an illustrative price tag of $14.60 in Caracas
A Big Mac as photographed in a studio with an illustrative price tag of $14.60 (US dollars), equivalent to the Bs. 92 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. Venezuela's annual inflation rate of more than 63 percent is the highest in the Americas, according to official statistics. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O5V
October 02, 2014
A locally produced bath towel as photographed in a studio with an illustrative price tag of $136 (US...
Caracas, Venezuela
A locally produced bath towel as photographed with an illustrative price tag of $136 in Caracas
A locally produced bath towel as photographed in a studio with an illustrative price tag of $136 (US dollars), equivalent to the Bs. 859 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O5R
October 02, 2014
A box of 36 coloured pencils as photographed in a studio with an illustrative price tag of $115 (US dollars),...
Caracas, Venezuela
A box of 36 coloured pencils as photographed with an illustrative price tag of $115 in Caracas
A box of 36 coloured pencils as photographed in a studio with an illustrative price tag of $115 (US dollars), equivalent to the Bs. 725 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6B
October 02, 2014
A 75-watt incandescent light bulb as photographed in a studio with an illustrative price tag of $13.51...
Caracas, Venezuela
A 75-watt incandescent light bulb as photographed with an illustrative price tag of $13.51 in Caracas...
A 75-watt incandescent light bulb as photographed in a studio with an illustrative price tag of $13.51 (US dollars), equivalent to the Bs. 85.12 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6D
October 02, 2014
A can of Coca-Cola as photographed in a studio with an illustrative price tag of $5.56 (US dollars),...
Caracas, Venezuela
A can of Coca-Cola as photographed with an illustrative price tag of $5.56 in Caracas
A can of Coca-Cola as photographed in a studio with an illustrative price tag of $5.56 (US dollars), equivalent to the Bs. 35 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6A
October 02, 2014
A pair of Stanley brand household pliers as photographed in a studio with an illustrative price tag of...
Caracas, Venezuela
A pair of Stanley brand pliers as photographed with an illustrative price tag of $121 in Caracas
A pair of Stanley brand household pliers as photographed in a studio with an illustrative price tag of $121 (US dollars), equivalent to the Bs. 765 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O64
October 02, 2014
A hair dryer as photographed in a studio with an illustrative price tag of $697 (US dollars), equivalent...
Caracas, Venezuela
A hair dryer as photographed with an illustrative price tag of $697 in Caracas
A hair dryer as photographed in a studio with an illustrative price tag of $697 (US dollars), equivalent to the Bs. 4,392 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O67
October 02, 2014
An Oster brand kitchen blender as photographed in a studio with an illustrative price tag of $595 (US...
Caracas, Venezuela
A kitchen blender as photographed with an illustrative price tag of $595 in Caracas
An Oster brand kitchen blender as photographed in a studio with an illustrative price tag of $595 (US dollars), equivalent to the Bs. 3,750 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O62
October 02, 2014
A Goodyear brand automobile tyre as photographed in a studio with an illustrative price tag of $753 (US...
Caracas, Venezuela
A Goodyear brand automobile tyre as photographed with an illustrative price tag of $753 in Caracas
A Goodyear brand automobile tyre as photographed in a studio with an illustrative price tag of $753 (US dollars), equivalent to the Bs. 4,750 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6Q
October 02, 2014
A Samsung 32" plasma TV as photographed in a studio with an illustrative price tag of $5,476 (US dollars),...
Caracas, Venezuela
A Samsung 32" plasma TV as photographed with an illustrative price tag of $5,476 in Caracas
A Samsung 32" plasma TV as photographed in a studio with an illustrative price tag of $5,476 (US dollars), equivalent to the Bs. 34,500 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6R
October 02, 2014
A five-gallon bucket of house paint as photographed in a studio with an illustrative price tag of $528...
Caracas, Venezuela
A five-gallon bucket of house paint as photographed with an illustrative price tag of $528 in Caracas...
A five-gallon bucket of house paint as photographed in a studio with an illustrative price tag of $528 (US dollars), equivalent to the Bs. 3,329 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6T
October 02, 2014
An aluminium pressure cooker as photographed in a studio with an illustrative price tag of $507 (US dollars),...
Caracas, Venezuela
An aluminium pressure cooker as photographed with an illustrative price tag of $753 in Caracas
An aluminium pressure cooker as photographed in a studio with an illustrative price tag of $507 (US dollars), equivalent to the Bs. 3,200 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6N
October 02, 2014
A household broom as photographed in a studio with an illustrative price tag of $24.60 (US dollars),...
Caracas, Venezuela
A household broom as photographed with an illustrative price tag of $24.60 in Caracas
A household broom as photographed in a studio with an illustrative price tag of $24.60 (US dollars), equivalent to the Bs. 155 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6U
October 02, 2014
A Barbie doll as photographed in a studio with an illustrative price tag of $194 (US dollars), equivalent...
Caracas, Venezuela
A Barbie doll as photographed with an illustrative price tag of $194 in Caracas
A Barbie doll as photographed in a studio with an illustrative price tag of $194 (US dollars), equivalent to the Bs. 1,226 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6Z
October 02, 2014
A 50 lb. (22.7 kg) bag of Purina Dog Chow as photographed in a studio with an illustrative price tag...
Caracas, Venezuela
A 50 lb. (22.7 kg) bag of Purina Dog Chow as photographed with an illustrative price tag of $272 in Caracas...
A 50 lb. (22.7 kg) bag of Purina Dog Chow as photographed in a studio with an illustrative price tag of $272 (US dollars), equivalent to the Bs. 1,716 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
VENEZUELA-ECONOMY/WIDERIMAGE
RTR48O6W
October 02, 2014
A pair of Levi's 501 jeans as photographed in a studio with an illustrative price tag of $793 (US dollars),...
Caracas, Venezuela
A pair of Levi's 501 jeans as photographed with an illustrative price tag of $793 in Caracas
A pair of Levi's 501 jeans as photographed in a studio with an illustrative price tag of $793 (US dollars), equivalent to the Bs. 4,999 (bolivars) it costs on average to purchase it in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014. REUTERS/Carlos Garcia Rawlins
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