Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.
President Donald Trump said on Monday that a new day is coming in Latin America, as he sought to rally support among the largest Venezuelan community in the U.S. for opposition leader Juan Guaidó. Speaking at Florida International University in Miami before large American and Venezuelan flags, Trump said the U.S. stands behind Guaido, whom the U.S. recognizes as the country's rightful president, and condemns President Nicolas Maduro's government and its socialist policies.
Eleven Latin American countries say that they have agreed to allow Venezuelans leaving their homeland to enter their countries even if their travel documents have expired. More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports because renewing them can take years.
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.