The basic food basket in Venezuela, analyzed for a family of five people, had a cost of US$459 in August, a decrease of 2% compared to July, when it stood at US$470, reported this Thursday the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM).
According to the report of this independent entity, last month, a family needed US$15.30 a day to acquire the food basket, calculated with the prices of 60 products, when the minimum wage of 130 bolívares was equivalent, at that time, to US$18.78 per month.
In the opinion of the university professor and director of this entity, Oscar Meza, “it is not true that organic growth (of the economy) has been achieved that can translate into well-being, at least through salary,” thus contradicting the Executive , which boasts a notable economic improvement.
The expert recently told Efe that the minimum wage, in addition to being the “lowest in Latin America,” is below the threshold for extreme poverty by income range established by the World Bank, of US$1.90 a day.
The protests organized by unions and workers against the “decrease in purchasing power and the high cost of food” and other basic products have fueled street demonstrations, which increased by 8.7% in the first eight months of the year, compared to the same period. of 2021, according to the Observatory of Social Conflict (OVCS).
From January to August, 5,037 protests were recorded, while in the first eight months of 2021 the organization documented 4,630 street claims throughout the country.