People wait in a queue to buy food, on a sidewalk outside a supermarket in Caracas, Venezuela January 6, 2018. REUTERS/Marco Bello
CARACAS (Reuters) - Mobs gathered outside some Caracas supermarkets on Saturday after the government ordered shops to slash prices, creating chaos as desperate Venezuelans leapt at the chance to buy cheaper food as the country's worsening economy causes severe shortages.
The leftist administration of President Nicolas Maduro ordered more than 200 supermarkets to cut prices back to last month’s levels - a tall order in a country where many prices change daily due to the world's fastest inflation rate.
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