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.
I can’t see Adidas selling many pairs of trainers at these crazy prices. [14 photos total]

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1
A kilogram (2.2 lbs) of raw carrots with an illustrative price tag of $19.05 (US dollars), that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar. (REUTERS/Carlos Garcia Rawlins) #
2
A Samsung 32" plasma TV with an illustrative price tag of $5,476 (US dollars) that it costs on average to purchase in Caracas. (REUTERS/Carlos Garcia Rawlins) #
3
A pair of Levi's 501 jeans with an illustrative price tag of $793 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
4
A 50 lb. (22.7 kg) bag of Purina Dog Chow with an illustrative price tag of $272 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
5
An Adidas Adipure Crazy running shoe with an illustrative price tag of $1,198 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
6
A Big Mac with an illustrative price tag of $14.60 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
7
A Barbie doll with an illustrative price tag of $194 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
8
An aluminium pressure cooker with an illustrative price tag of $507 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
9
A five-gallon bucket of house paint with an illustrative price tag of $528 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
10
A household broom with an illustrative price tag of $24.60 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
11
A can of Coca-Cola with an illustrative price tag of $5.56 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
12
A Goodyear brand tire with an illustrative price tag of $753 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
13
A locally produced bath towel with an illustrative price tag of $136 (US dollars). (REUTERS/Carlos Garcia Rawlins) #
14
A box of 36 colored pencils with an illustrative price tag of $115 (US dollars). (REUTERS/Carlos Garcia Rawlins) #

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