One of the drivers for extreme inflation is soaring demand – in Venezuela there are far more people trying to buy goods from shops than there are goods out on the shelves.
The BBC gets multiple things wrong in a single sentence.
- Venezuela has a supply problem, not a “soaring demand” problem.
- Venezuela’s “extreme inflation” is caused by the country printing money out of thin air, causing the value of their currency to plummet.
This item is so badly reported, we’ve filed it under “Humor”!