VENEZUELA POVERTY – NGO: Venezuela’s food basket costs more than 21 times the minimum wage

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People in Venezuela must earn $15.68 a day to afford the cost of a basic food basket for a family of five, the Venezuelan Teachers’ Federation Center for Documentation and Social Analysis (Cendas-FVM) said Monday.

That figure is based on the NGO’s calculations for July, which found that a basic basket of food items for that month cost $470.44, or more than 21 times the country’s minimum monthly salary of 126 bolivars (just over $20).