70: Cafe Con Leche Can Track Hyperinflation in Venezuela

Everyone knows inflation is out of control in Venezuela. But the government long ago stopped publishing figures on a regular basis, leaving economists to dial up what are essentially wild guesses. Enter the Bloomberg Cafe Con Leche Inflation Index. It tracks just one item: A piping hot coffee at a bakery in eastern Caracas. Yet it provides a unique look at inflation in one of the world's most dysfunctional economies. David Papadopoulos, a Bloomberg managing editor in New York, and Fabiola Zerpa, a Bloomberg correspondent in Caracas, join Scott to talk about the gauge, and just how bad things really are in the nation.

Om Podcasten

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.