CARACAS, Venezuela — Like many blue-collar neighborhoods, one barrio outside Caracas once embraced the promises of President Nicolas Maduro, but many here have now turned against him, reports CBS News correspondent Manuel Bojorquez.
Many wonder how long they can go on like this. An inflation rate of 800 percent has decimated savings. The currency is so devalued that some shopkeepers weigh the money rather than waste time counting it.
And if residents are lucky enough to find food on the shelves, prices are out of sight.
The price for Alexi Asuaje’s groceries went up 1,000 Bolivares when he was in line.
Florencia Cordero, a geologist, told Bojorquez that groceries now eat up almost 80 percent of her salary.
Cordero said that a plantain cost what her house cost 25 years ago.
It’s something that’s almost impossible to comprehend, she said.
For all the condemnation of his regime around the world, Maduro remains unrepentant, and is using U.S. sanctions recently imposed on him as a rallying cry against foreign intervention.