Standard food basket hits USD 452.57 in November
According to the National Statistics Institute (INE), the price of the standard food basket climbed 2.69% as against October, when it amounted to USD 450.46
Based on a report compiled by the National Statistics Institute, the new price is attributable to the rise in the price of eggs (up 35.63%), tomatoes (up 23.77%), domestic oranges (up 12.41%), mangos (up 10.08%), plantains (up 8.02%), pineapples (up 5.62%), mayonnaise (up 5.24%), onions (up 4.91%), and chicken (up 4.62%).
Regarding the drop in the price of some staples, the most significant were those in yucca, vegetable oil, kidney beans, black beans, potato, and oats and its by-products.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.