ESPACIO PUBLICITARIO
CARACAS, Tuesday April 01, 2014 | Update
 
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Four minimum wages needed to meet basic expenses in Venezuela

The basic basket hit USD 1,954 in February, the Workers Center for Documentation and Social Analysis (Cenda) reported

The basic food basket averaged USD 1,082 in February (File photo)
ANGIE CONTRERAS C. |  EL UNIVERSAL
Tuesday April 01, 2014  01:46 PM
Venezuela's food, goods, and services basket averaged USD 1,954, up 3.2% (USD 60) with respect to January, when it hit USD 1,894, the Workers Center for Documentation and Social Analysis (Cenda) informed.

Six out of seven groups comprising the basic basket climbed: housing (5.6%), education (4%), health (3.7%), food (2.9%), personal care and home cleaning items (1.1%), clothes and shoes (0.8%).

In order to afford the basic of food and services, almost four minimum wages (the minimum wage stands at USD 519) were needed in February.

In the case of food, the price of 10 out of 11 items of the basic food basket went up in February, with the basket totaling USD 1,082. 
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