It takes 25 minimum wages to buy the Venezuelan food basket... in August [View all]

[GatoGordo]

Oh, how they miss the old days (last month), when it took only 14 minimum wages to buy the food basket!

AUGUST

Basic Food Basket: Increased to Bs. 2,938,277 in August, (source: Cendas FVM). The annual variation is 484.3%, equivalent to 25 minimum wages and the gap between controlled and market prices is 18,000%.

Corn oil cannot be found. Nor can bread, outside of state controlled sales.

JULY

The price of the Family Food Basket (CAF) of July 2017 was 1,443,634.25 bolívares, increasing Bs. 213,935.90, 17.4% with respect to June 2017 and 296.7% between July 2016 and July 2017.

It is required 14.1 minimum wages (97,531.56 bolivars) to be able to acquire the basket, referring to a family of five members: 48,121.14 bolivars per day.

All items went up in price

All items in the food basket increased in price: sugar and salt, 39.4%; fats and oils, 27.1%; cereals and derived products, 23.1; grains, 19.7%; fish and shellfish, 19.3%; milk, cheese and eggs, 16.5%; roots, tubers and others, 14.8%; fruit and vegetables, 14.6%; salsa and mayonnaise, 9.6%; meats and their preparations, 6.1% and coffee, 4.0%.

-snip-

http://www.finanzasdigital.com/2017/08/cendas-caf-jul-2017/