The state of Venezuela’s economy has reached such a point of crisis that the going rate for a large serving of McDonald’s French fries is an astounding $133, or roughly 840 bolivars. That outrageous figure is thanks to the country’s growing inflation rate, which was measured at 16.9 percent per month, and 179.5 percent per year.
This year, the Central Bank of Venezuela did not release any official data on inflation, but the last known figure, released in December 2014, was 68.4 percent. The country’s exorbitant inflation rate is the direct result of the plummeting price of oil, the country’s main export which counts for more than 50 percent of its gross domestic product.
“A collapse in oil prices has deepened shortages of consumer products from diapers to deodorant in the OPEC country that imports most of what it consumes, with crude exports accounting for about 95 percent of its foreign currency earnings,” Bloomberg explains. “As the price the country receives for its oil exports fell 60 percent in the past seven months, the economy is being pushed to the brink with a three-in-four chance of default in the next 12 months if oil prices don’t recover.”
If French fry lovers don’t wish to fork out more than $100 for some fries, they’re also available on the black market for much less — 400 bolivars for a small order, “equal to about US$1 at black market exchange rates,” according to Quartz. Still, take that with a grain of salt, as the country’s minimum wage is equal to about $12 per month.