ESPACIO PUBLICITARIO
CARACAS, Friday May 23, 2014 | Update
 
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Poverty in Venezuela swells from 21.2% to 27.3% in one year

By the end of 2013, 1.8 million households faced poverty in the country, 416,326 more households than in the second half of 2012, according to the official National Statistics Institute

Inflation eroded Venezuelan households' income (File photo)
EL UNIVERSAL
Friday May 23, 2014  03:54 PM
The number of households living in poverty in Venezuela jumped from 21.2% to 27.3% in one year, based on official data disclosed by the National Statistics Institute.

Overall, 1.48 million households lived in poverty in the second half of 2012. One year later, the figure totaled 1.89 million, based on the average household income. 

The rise in poverty takes place after Venezuela's inflation hit 56% in 2013, which eroded households' income, pushing them into poverty.

Translated by Jhean Cabrera
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