Inflation is more severe than the political crisis in Venezuela

Warnings about possible U.S. military actions are increasing political tension in Venezuela. This was reported by Zamin.uz.

However, for ordinary people in Caracas, the main problem is not the risk of war, but the sharp rise in food prices in the markets. Many are more concerned about meeting their daily needs than political worries.

Merchants at the Quinta Crespo market emphasize that the rise in the dollar exchange rate has reduced the purchasing power of the population. According to the International Monetary Fund, Venezuela's national currency – the bolívar – has depreciated by 80 percent within a year.

This makes even basic food products more expensive than the monthly income of the population. Due to increased political pressure in the country, thousands of people have been detained following the disputed 2024 elections.

Although the population is worried about this uncertain situation, their main focus remains on daily expenses and food supply issues. Inflation is approaching 20 percent per month, and by the end of the year, prices are expected to rise by more than 500 percent.

Therefore, on the streets of Caracas, the greatest concern for people is not the risk of war, but the worsening economic conditions day by day.