Stories

It's nearly impossible to afford a cup of coffee in Venezuela

Less than two years ago, a cup of coffee cost 450 bolivars in Venezuela. Today, as the nation's hyperinflation continues to skyrocket, a cafe con leche costs 1 million bolivars — or a mere 29 U.S. cents, according to Bloomberg.

Data: dolartoday.com; Chart: Andrew Witherspoon/Axios

Why it matters: The economic devastation in the country, despite vast oil reserves, has led to mass migration, starvation and political unrest. Despite large protests last year, President Nicolas Maduro won a sham reelection with turnout at only 46%, despite the government attempting to bribe voters to the polls.