According to the Patria Digital Channel through Telegram, the bonus granted to public sector workers is Bs. 720 or $29.75 at the current BCV exchange rate. The Venezuelan Finance Observatory (OVF) indicated at the beginning of the week that the food basket for January was 397 dollars, that is, $32 more than a year ago, when it cost 365 dollars, which represents an increase of 8.91%.
The minimum wage remains stuck at 130 bolivars, which is equivalent to 5.36 dollars, while the Government tries to compensate it with bonuses through the Patria System. Since Monday, public sector workers have been given a 720 bolivar bonus, which is equivalent to $29.75, which is only enough to buy 6 basic basket products.
According to the Patria Digital Channel through Telegram, the amount granted is Bs. 720 or $29.75 at the current BCV exchange rate. “Patria Wallet: Credit for Bs. 720 for the Bonus against the Economic War (February 2023) on 02/13/2023)”, read the message that reached the beneficiaries.
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Those who receive this amount, according to data from Cesta Petare, will be able to buy at least one carton of eggs for Bs. 104, a kilo of precooked cornmeal that costs Bs. 33, and a kilo of white cheese that costs Bs. 125. Also, a kilo of beef that has a cost of Bs. 220, a liter of corn oil that has a price of Bs. 130 and a kilo of sugar that is marked at Bs. 36.
The Venezuelan Finance Observatory (OVF) indicated at the beginning of the week that the food basket for January was 397 dollars. In January 2022, it cost $365, up 8.91% in one year.
«The inflation rate for January 2023 stood at 39.4%, while the annualized rate was 440%. These figures suggest that the Venezuelan economy entered a phase of strong inflation acceleration, as an expression of the macroeconomic instability that has been observed,” the OVF said in a statement.
With information from The nation
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