Venezuela Inflation: Cup of coffee $110

Want a specialty cup of coffee in Venezuela? Get ready to pay over $100 for one cup. is reporting inflation is so bad in the failed socialistic country, prices are skyrocketing on all goods:

Bloomberg has launched its own measure of price inflation in Venezuela.

It tracks just one item: a cup of cafe con leche served piping hot at a bakery in eastern Caracas.

The index debuts today at an annual price inflation rate of 1,526 percent, the result of the price having soared from 450 bolivars per cup to 1,100 bolivars over a span of 17 weeks.

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