INSUBCONTINENT EXCLUSIVE:
Over nine months, it fell 49% against the U.S
Despite protests, this amounts to $3.7 a month.On the other hand, a basic food basket costs nearly $500 for a family of five, says
(Photo Internet reproduction)The U.S
Therefore, it directly affects the cost of goods and services.As a result, inflation reached 13.6% in August, according to the Finance
This decline has severe repercussions for everyday Venezuelans.For example, the disparity between income and basic needs is widening
Consequently, a large portion of the population finds it hard to meet essential expenses.A minimum wage of $3.7 per month stands in sharp
contrast to a $500 basic food cost
This imbalance fuels public unrest, as seen in numerous protests.Furthermore, the currency devaluation exacerbates inflation
This double blow affects both consumers and businesses.Importers face higher costs, which they often pass on to consumers
Thus, everyday items become luxuries for average citizens.Meanwhile, high inflation rates reduce purchasing power, creating a vicious cycle
Its efforts are crucial in restoring public trust and reviving the struggling Venezuelan economy.
