The last 12 months have presented a more subtle variation in the price of goods and services measured in the “Valentine’s Basket” compared to the previous year, but the celebration of this February 14 will be received in a context of high inflation and devaluation of the bolivar
In the countdown to the Day of Love and Friendship, which is celebrated every February 14, the Ecoanalítica consultancy published the “Valentine’s Basket”, which tries to measure the price variation of the items with the most demand on this date than traditionally drives consumption.
the basket was published on the Ecoanalítica Instagram account and includes the items “restaurants and hotels”, “leisure and culture” and “alcoholic beverages and tobacco”, presenting the price increase suffered in the last two years according to the inflation data available from the Central Bank of Venezuela ( BCV).
This exercise made it possible to show that the interannual increase in the prices of goods and services in these three items was higher than last year, since between 2021 and 2022 the item that grew the most was recreation and culture, with an interannual increase of 531.4%. . They were followed by alcoholic beverages and tobacco with 344% and, finally, restaurants and hotels with 329.9%.
This means that last year the prices, in bolivars, were between four and six times higher than in 2021.
The trend for this Valentine’s Basket is different, since The item that became more expensive compared to February 2022 is that of restaurants and hotels, which saw a growth of 312.9%. This is followed by alcoholic beverages and tobacco with 209% and finally recreation and culture with 95.2%.
The variation of the last year is less relevant than that presented in the previous 12 months, however, Ecoanalítica warns that “it continues to present alarming figures that are not adapted to the salary of the average Venezuelan and, therefore, to the couples” who hope to celebrate this date.
This year’s Day of Love and Friendship is affected by an acceleration in the rate of devaluation of the bolivar and an increasing monthly variation rate of inflation, which is why prices in bolivars change frequently and return salt and water the funds in bolivars, in an exchange market in which the demand for dollars is high and the supply is not so much.
*Read also: While the BCV is silent, Delcy Rodríguez misses that inflation in 2022 was 234%
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