[QODLink]
Americas

Price hikes in Venezuela

Thousands of supporters of Venezuela's president mark the anniversary of deadly riots.
Last Modified: 28 Feb 2013 00:20

Scores of Venezuelans descended from the hillside slums of Caracas 24 years ago on this day, burning cars and looting to protest a hike in gasoline prices, the last straw in a series of austerity measures.

What followed was the worst massacre in Venezuelan history.

While many believe today's situation is very different, some citizens concede that this month's sharp devaluation of Venezuela's currency is bad news.

Prices have been going up steadily, and the black market price of the dollar, which many use to gauge prices, is still four times the official value, even after the devaluation.

Al Jazeera's Lucia Newman reports from Caracas.

105

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
NSA whistleblower Snowden and journalist Greenwald accuse Wellington of mass spying on New Zealanders.
Whatever the referendum's outcome, energy created by the grassroots independence campaign has changed Scottish politics.
Traders and farmers struggle to cope as restrictions on travel prevent them from doing business and attending to crops.
Unique mobile messaging service, mMitra, helps poor pregnant women in Mumbai fight against maternal mortality.
Influential independence figure has been key in promoting Scottish nationalism, but will his efforts succeed?
join our mailing list