Statistics institute: Venezuelan Food Basket at USD 484.93 in December
The president of the National Statistics Institute noted that the increase did not represent a major impact as the minimum wage in December stood at USD 698.60
The president of the National Statistics Institute remarked that the increase did not represent a major impact on households as the legal minimum legal income (including both minimum wage plus food benefits) stood at USD 698.60 by December 2012," a press release states.
The rise in price was reported in wheat (27.4%), tomato (23.11%), hen eggs (12 units, 13.03%), onion (12.5%), chicken (12.09%), pre-cooked wheat flour (7.96%), sugar (6.13%), and coffee (5.74%).
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.