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This article was first published 9 years ago  » Business » Here, 1 kilogram carrot costs Rs 1,166!

Here, 1 kilogram carrot costs Rs 1,166!

Last updated on: October 16, 2014 13:30 IST
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Image: A kilogram of raw carrots with an 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. Photograph: Carlos Garcia Rawlins/Reuters

Venezuela's worst recession has led to record high inflation and shortage of basic commodities.

From vegetables, clothes to consumer durables- everything costs a bomb here.

With the economy in doldrums, the annual inflation rate has risen to a six year high of 63.4 per cent.

The construction and manufacturing sectors have crashed by 10 percent in the first half of the year.

According to Capital Economics, Venezuela's GDP will fall by about 5 per cent in 2014-2015.

Spiraling inflation has been blamed on violent opposition protests against the economic crisis, which obstructed trade, led to closure of shops and business establishments. 

Take a look at the shocking prices of products in Venezuala…

A Samsung 32" plasma TV costs $5,476 (US dollars) on an average to purchase in Caracas.

A pair of Levi's 501 jeans costs $793 (US dollars).

An Adidas Adipure Crazy running shoe with an price tag of $1,198 (US dollars). 

A Big Mac becomes unaffordable at a price of $14.60 (US dollars).

A Barbie doll costs $194 (US dollars). 


An aluminium pressure cooker costs a whopping $507 (US dollars). 


A five-gallon bucket of house paint is available at a steep price of $528 (US dollars).

A household broom is too expensive at $24.60 (US dollars). 

A can of Coca-Cola costs $5.56 (US dollars).

A Goodyear brand tyre with a price tag of $753 (US dollars). 

A locally produced bath towel comes with a price tag of $136 (US dollars).

A box of 36 coloured pencils costs $115 (US dollars). 

Photographs: Carlos Garcia Rawlins/Reuters

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