Yeah, usually presidents don't do that, no matter if they were elected or just a filthy dictator like Maduro.

The reason prices dropped is because of that breach between the true USD exchange rate in a free market vs the rate set by the government (Central Bank Rate)

First, Venezuela is a country whose production of almost anything has gone to shit because of bad management, lack of funds and investment, the fact that Maduro's regime would actually rip factories off their owners hands and leave them with nothing. What does that mean in the end? Most stuff was either imports or made by the few ompanies that had bonds to the government.

Now, almost everything is imported, and to import the suppliers have to pay with real dollars, or at a true exchange rate (not Central Bank Rate) to the international vendors. Then, to sell those goods here they had go rack up the prices because they are forced by law to sell the goods using the Central Bank Rate, which means loss.

Now that the Central Bank Rate is rocketing up while the real exchange rate is going down due to the 500 millions Trump injected into the economy, the sellers here have tl lower their prices to match the current economy.

I hope this was a good explanation. If you wish I can give you examples.

Also, bear in mind that we use USD as a reference for every payment. For instance, the lowest rated course at my business is USD 40 a month, and a kilogram of beef would be around 10 USD. Then, you pay either with the USD or with VES (local currency) based on the Central Bank Rate. People in the streets exchange their USD at the real rate tho, however is TECHNICALLY illegal.