MercoPress, en Español

Montevideo, January 22nd 2018 - 21:57 UTC

Hyperinflation that degrades any salary increase

Tuesday, January 2nd 2018 - 10:20 UTC
Full article 1 comment

A new salary increase arrived to Venezuela -the seventh in a year-, but the purchasing power of Venezuelans continues insignificant compared to the high price of low supply due to hyperinflation. While it is not possible to slow down the variation of prices in the different products of the basic basket, any wage increase is insufficient and exacerbates the problem. In one year, salary increased 511%, while inflation in 2017 closed at 2.735%, the highest in the world. Read full article

Comments

Disclaimer & comment rules
  • Capt Rockhopper

    The comedy act “Corbyn & Abbott” want to replicate the highly successful socialist economic model in the UK.

    Jan 03rd, 2018 - 01:51 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!