LatinNews Daily - 21 April 2022

In brief: Think tank warns of rising cost of basic basket of food in Venezuela

* A Venezuelan think tank, Centro de Documentación y Análisis Social (Cendas), has calculated that the price of the basic basket of food products in Venezuela stood at US$471.16 in March, representing a year-on-year increase of 46%. The price of the basket rose by 3.6% compared to February, driven by price increases for dairy products and eggs (+4.9%), grains (+4.0%), and meat (+3.0%). Cendas noted that purchasing the full basket would require Venezuelans to be earning over 16 times the minimum monthly wage.

End of preview - This article contains approximately 88 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.