Statistics institute: Venezuelan Food Basket at USD 484.93 in December
The president of the National Statistics Institute noted that the increase did not represent a major impact as the minimum wage in December stood at USD 698.60
The president of the National Statistics Institute remarked that the increase did not represent a major impact on households as the legal minimum legal income (including both minimum wage plus food benefits) stood at USD 698.60 by December 2012," a press release states.
The rise in price was reported in wheat (27.4%), tomato (23.11%), hen eggs (12 units, 13.03%), onion (12.5%), chicken (12.09%), pre-cooked wheat flour (7.96%), sugar (6.13%), and coffee (5.74%).
Translated by Jhean Cabrera
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.