Here & Now Here & Now

Support the news

Venezuela Is In Economic Trouble08:28
Download

Play
A woman who just bought toilet paper at a grocery store reads her receipt as she leaves the private store in Caracas, Venezuela, Wednesday, May 15, 2013. First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities _ toilet paper. Economists say Venezuela's shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government's controls on foreign currency. (Fernando Llano/AP)
A woman who just bought toilet paper at a grocery store reads her receipt as she leaves the private store in Caracas, Venezuela, Wednesday, May 15, 2013. First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities _ toilet paper. Economists say Venezuela's shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government's controls on foreign currency. (Fernando Llano/AP)
This article is more than 6 years old.

With an inflation rate of more than 50 percent, Venezuelans are struggling to find everyday items like milk and toilet paper in their grocery stores. There's also a black market in U.S. dollars and the government of President Nicolas Maduro is struggling to control what amounts to a dual economy.

Nathan Crooks, Bloomberg News bureau chief in Caracas, Venezuela, joins Here & Now's Jeremy Hobson with details.

Guest

  • Nathan Crooks, Caracas bureau chief for Bloomberg News. He tweets @nmcrooks.

This segment aired on February 4, 2014.

Support the news

Support the news