Chavez Devaluation Puts Venezuelans to Queue Before Price Raise

Chavez Devaluation Puts Venezuelans to Queue Before Price Raise

Meridith Kohut/Bloomberg

Shoppers waited in line to buy food at a private sector grocery store in the Quinta Crespo market in central Caracas. A weaker currency may further fuel the fastest inflation rate in the region as about 70 percent of products consumed in Venezuela are imported or assembled from raw material shipped from abroad.