Last September, Cendas estimated that the food basket, made up of 60 basic products, cost $531.57, $7.59 less than in August.
A teacher in Venezuela requires an income 29 times greater than his current salary to cover the cost of the basic food basket, which is estimated at $531.57 for an average family of five members, as reported this Sunday by the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM).
The average salary of teachers, about $18.34 per month, represents 3.5% of the cost of the basket and represents a deficit of 96.5%, according to the Cendas-FVM report.
Last September, the organization estimated that the food basket, made up of 60 basic products, cost $531.57, $7.59 less than in August.
According to the Central Bank of Venezuela (BCV), inflation in September was 0.8%, while the accumulated rate of price increase in goods and services reached 12.1% in the first nine months of the year, reported EFE .
*Read also: Family basket calculated by Cendas-FVM closed at $531.57 in September
The issuing entity indicated that the largest increase was recorded in the education sector, whose prices rose 4.9%; alcoholic beverages and tobacco, with an increase of 1.5%; health, and restaurants and hotels, both with increases of 1.4%.
Since March 2022, the minimum wage, the reference for other salaries in the public sector, has remained at 130 bolivars, an amount that has lost purchasing power due to the rise in the price of the dollar in the country, where businesses They use this currency as a reference to set their prices.
In addition, public employees receive the so-called “economic war bonus” of $90, which added to the food allowance – both without impact on labor benefits – and the salary reaches $133.3, paid in bolivars at the exchange rate. BCV official.
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