Nearly 100 minimum wages to eat in Venezuela? Another Chavismo win!
Cendas: Family Food Basket of February 2018 was 37,517,912.13 bolivars, + Bs 13,115,145.03 (+ 53.7%)
Translated from Spanish
The price of the Family Food Basket -CAF- of February 2018 was 37,517,912.13 bolivars, increasing Bs. 13,115,145.03, 53.7% with respect to the month of January 2018 and 5,536.0% between February 2017 and February 2018.
95.6 minimum wages (392,646.46 bolivares) are required to acquire the basket, referring to a family of five: 1,250,597.07 bolivars per day, more than three minimum daily wages.
All items went up in price
All items in the food basket increased in price: cereals and cereal products, 141.3%; salsa and mayonnaise, 119.6%; fats and oils, 102.9%; coffee, 69.6%; fish and seafood, 63.1%; milk, cheese and eggs, 54.4%; fruit and vegetables, 52.7%; roots, tubers and others, 51.9%; meats and their preparations, 23.6%; sugar and salt, 17.1% and grains, 4.4%.
Controlled prices
Due to the fact that the controlled, managed, fair or agreed prices have not been officially published, it is difficult for us to monitor and compare the official prices and the market prices that had been carried out since 2003.
Shortage
Nineteen products presented shortage problems: milk powder, chicken, beef, liver, margarine, oats, sugar, corn oil, peas, lentils, rice, wheat flour, pasta, tomato sauce, flour corn, coffee, mayonnaise, bread, yellow cheese: 32.75% of the 58 products contained in the basket.
Additionally, other basic products are scarce, such as: bath soap, floor wax, tualé paper, diapers, sanitary napkins, toallines, wipes, condensed milk, softener, deodorant, disposable razor, Keys soap and medicines like Atamel, Losartan Potásico, Amlodipine , Aspirins, Omeprazole, Lansoprazole, Dilantin, Di-Eudrin, Glibenclamide, Glidan, Biofit; Belara and Trental contraceptives; Tamsulon, Zyloric, Tamsulosin, Heprox, Secotex, Urimax, Clopidogrel and antiallergics, among others, and injectors. In total, there are at least 53 products in this registry.
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http://www.finanzasdigital.com/2018/03/cendas-canasta-alimentaria-familiar-de-febrero-de-2018-se-ubico-en-37-517-91213-bolivares-bs-13-115-14503-537/
Maduro has it under control. I imagine he will (with the wave of his magic pen that fixes all that troubles Venezuela!) increase the minimum wage (for the 4th time this year) and start pumping out larger denomination bills to cover the quadruple digit inflation that this mental economic giant and his team is responsible for. Remember... Venezuela has enough food and medicine for 3 countries! All of this "bad news" is merely propaganda courtesy of Colombia, the US, the EU, Curaçao, Brazil, Portugal, Spain, Bonaire, Aruba, Peru, Chile, Ecuador, the Illuminati, the Easter Bunny, Lee Harvey Oswald...
