Standard food basket hits USD 452.57 in November
According to the National Statistics Institute (INE), the price of the standard food basket climbed 2.69% as against October, when it amounted to USD 450.46
Based on a report compiled by the National Statistics Institute, the new price is attributable to the rise in the price of eggs (up 35.63%), tomatoes (up 23.77%), domestic oranges (up 12.41%), mangos (up 10.08%), plantains (up 8.02%), pineapples (up 5.62%), mayonnaise (up 5.24%), onions (up 4.91%), and chicken (up 4.62%).
Regarding the drop in the price of some staples, the most significant were those in yucca, vegetable oil, kidney beans, black beans, potato, and oats and its by-products.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.