Increase in the minimum wage in Venezuela coincides with a sharp rise in the price of meat
Meat
Venezuela
Published May 6, 2021
Tridge summary
On International Workers' Day, the Nicolás Maduro regime announced a 300% increase in the minimum wage. The news in all the media was that, even with this increase, it was not enough to buy a kilo of meat, the price of which rose at the end of last month.
Original content
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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