According to Primero Justicia, the IMF’s inflation forecast is an early warning that the problem is not resolved, but was artificially contained.
Primero Justicia (PJ) expressed his concern about the inflation rate in Venezuela, which according to projections by the International Monetary Fund (IMF) could rise to 682% in 2026.
“This lack of control is just beginning to be seen with the excessive increase in the value of the dollar in recent months,” he wrote in his account in X while reaffirming its commitment “to a stable, productive and fair economy.”
According to the organization, the IMF forecast It is an early warning that the problem is not solved, but was artificially contained.
«Inflation of 682% means that the cost of living could multiply almost seven times in a single year. For Venezuelans, this translates into salaries that lose their value in days, a basic basket that is unattainable and a greater increase in inequality,” he pointed out.
First Justice pointed out that each price increase reduces the hopes of Venezuelans and contributes to the increase in structural poverty.
University professor Jesús Palacios, in an interview for the EFE news agency, pointed out that on November 1, Venezuela marked one year without recent inflation figures issued by the BCV, which makes “everyone grope” in terms of their financial planning and leaves Venezuelans “blind” about the direction of the economy.
In this sense, he said that it is “difficult to negotiate salary increases” and, furthermore, companies do not have references to plan their entire financial strategy.
In Venezuela the minimum wage and pensions are 130 bolivars. Public employees receive government bonuses of up to $160, but they do not affect their work benefits, which is why several unions demand a living wage.
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country..
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