It takes 19 minimum wages to buy ONE food basket in Venezuela

[GatoGordo]

For an 8th time, the government officially extended the decree of economic emergency restricting constitutional guarantees nationwide. The decision was published on Official Gazette N° 41,192 and is justified because: “we must take other measures to face the siege against Venezuelan economy.”

That must be why the Food Basket’s price for June was Bs. 1,229,698, a 24.1% increase compared to May and 343.2% in a year. 18.9 minimum wages are required to buy it. All prices went up, and the gap between controlled and market prices is now 8,623%.

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https://www.caracaschronicles.com/2017/07/20/announcements-and-complaints/