Gold Prices Are Soaring In Venezuela

Zero Hedge -

Zero Hedge—Authored by Frank Holmes via SafeHaven.com, Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive. But that was July. Prices in Venezuela are doubling roughly every 18 days. The International Monetary Fund (IMF) now projects inflation...

US Farm Export Prices Plunge As Import Prices Soar Most In Over 6 Years. Amid the pre- and post-tariff channel-stuffing noise, July import prices surged more than expected, rising 4.8% YoY - the most since Feb 2012 - and at the same time export price growth slowed notably (from +5.3% YoY to +4.3% YoY). Notably, however, import prices ex-Petroleum dropped 0.1% MoM (missing expectations of a 0.1% rise) - falling for the second month in a row... (Export prices fell 0.5% after rising 0.2% in June) China exported a very modest amount of deflation in July as its...