Increase in the minimum wage in Venezuela coincides with a sharp rise in the price of meat

Updated May 6, 2021
In the last two weeks of April, the prices of different cuts of beef increased between 20% and 40% in the municipal market of Quinta Crespo (Caracas) from April 14 to 29, according to data compiled by the Crónica Uno media. . In that period, the value of the dollar in the parallel market had an increase of 19.5%, according to the indicator published by the account @enparalelovzla_, and the bolivar devalued 16.3%. Throughout April, the dollar had a rise of more than 33%, only surpassed this year by January (49.6%). The portal interviewed Carmen Cristaldi, who every 15 days spends around $ 30 on meat, chicken and other proteins thanks to what her daughter sends her in Mexico. (Read: In 3 years, meat consumption in Venezuela went from 21 to 3 kg per year) “When I came two weeks ago, with what I brought, I took eight kilos of food, including red meat and chicken. Today I believe that I am not carrying even six kilos, the dollars took longer to reach me than to leave, ”said the ...
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