Consumers pay 44% more for food items

[Bacchus39]

http://www.el-nacional.com/noticia/12236/18/44-por-ciento--de-sobreprecio-pagan-los-consumidores-por-alimentos.html

A Datanalis study signals that the price controls have distorted the supply of regulated food items.

Luís Vicente León, president of Datanálisis, indicated that consumers pay 44% more for food items that cannot be obtained in the formal shopping locales.

The indicator of shortages measured by Datanalisis of 71 shopping areas in Greater Caracas was at 22% and the products with the greatest shortage were powerded milk which was unavailable at 60% of locations, corn oil 40%, coffee 38%, meat 32%, and cheese at 32%.

"The strict control of prices with the Price and Costs law that applies to merchants and manufacturers will generate a strengthening of the black market for food", warned Leon.

[naaman fletcher]

1. And yet, somehow,

Chavez is supposed to be for the people.