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Another good look at Venezuela from Daniel:

http://daniel-venezuela.blogspot.com/2014/02/no-rest-for-wicked-inflationers.html

Not going back on the delays and manipulation of the November and December inflation number but the regime published the January one. It is 3.3%. Most countries have annual inflation below that monthly number. But that was not really the worse news, if you assume that 3.3 to be genuine. The worst item was the scarcity item, at 28%. That means that if you go to your local grocery store with a list of 10 items the odds that 3 of them will be missing are very high. And missing not in brand or quality, just missing. I know, I was caught almost in the mid of a food riot this afternoon when Brazilian chicken arrived at my local store, and it was taken over by people not from the area (I heard them, one even giving directions to the store) carrying ONLY cases of chicken in their carts, waiting for their pals to arrive before they reached the cashier (4 chicken per person it was). Good thing I do not eat chicken, and even less the Brazilian variety we get here, waterlogged and fat.

Think about that, 3 common household items out of 10 in your shopping list are going to be missing on any day. And maybe having to fight for the other 7.