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June 3, 2022
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How much does it cost to live in Venezuela in Colombian pesos?

How much does it cost to live in Venezuela in Colombian pesos?

The director of the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers, Óscar Meza, told the newspaper ‘El Nacional’ that the dogBasic rate, from April 2022, for a family of four, was US$1,004 (3.7 million Colombian pesos).

(Maduro expects peace relations with the new president of Colombia).

According to Meza, in order for a person to pay for the expenses of a family, they must have at least 100 dollars (377 thousand pesos) in their pocket.

“In any case, I am referring to the food basket per capita and if you add basic services such as transportation, clothing and footwear throughout the year, we would be talking about one member of each family requires at least US$200 (755 thousand Colombian pesos) monthly to guarantee the basics,” he said.

And it is that, although the government of Nicolás Maduro has increased the minimum wagethe income is barely enough to buy a couple of kilos of meat and some grains.

(Relations with Venezuela will be reestablished whoever wins).

Given the, the food basket that has 60 products was valued at US$480, which represents about 2,232 bolívares (1,800,000 Colombian pesos), an overwhelming figure when compared to the minimum wage of US$30 that workers are earning.

Although he clarifies that in the month of May the situation may go down, the cost of living is still high due to inflation.

“The price of the basket increased practically 50% and the annualized variation in bolivars is 177.7% (…) I think that the food basket stood at 500 dollars (1.8 million pesos) in May and well, the basic basket will continue above 1,000 dollars (3.7 million pesos),” Meza pointed out.

BRIEFCASE
(With information from EL TIEMPO)

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