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 Caracas shops mobbed, as Venezuela's economics Nobel Prize NON-winner Maduro, forces price cuts

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PostSubject: Caracas shops mobbed, as Venezuela's economics Nobel Prize NON-winner Maduro, forces price cuts   Sat Jan 06, 2018 9:26 pm

CARACAS (Reuters) - Mobs gathered outside some Caracas supermarkets on Saturday after the government ordered shops to slash prices, creating chaos as desperate Venezuelans leapt at the chance to buy cheaper food as the country’s worsening economy causes severe shortages.

The leftist administration of President Nicolas Maduro ordered more than 200 supermarkets to cut prices back to last month’s levels - a tall order in a country where many prices change daily due to the world’s fastest inflation rate.

News of the discounts spread like wildfire, leading hundreds to mass in front of stores before daybreak. When one major supermarket in wealthier eastern Caracas did not open for hours, people began pounding on the storefront.

“We’re hungry! We want food!” screamed the crowd, which included babies, pensioners and children with disabilities.

“This scares me, but what can I do?” said Francisco Guaita, a carpenter hoping to find food for his three children, over the shouts and pushes. “This is the worst government. We want Maduro out.”

Critics say Maduro is playing with fire in the oil-rich nation, where millions are unable to eat three square meals a day and malnutrition is on the rise, saying his policy will dissuade supermarkets from stocking their shelves and could trigger looting.

https://www.reuters.com/article/us-venezuela-economy/caracas-shops-mobbed-as-venezuelas-maduro-forces-price-cuts-idUSKBN1EV0K1?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29

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Caracas shops mobbed, as Venezuela's economics Nobel Prize NON-winner Maduro, forces price cuts

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