Product prices up 128.4% in June in Venezuela – World

Product prices continue to rise in Venezuela, where last month's inflation was 128.4%, according to data released Monday by the Parliament's Finance Committee. The month of June was 128.4% and the cumulative inflation between January and June 2018 was 4 684.3%, "said the spokesman of the commission.

At a press conference, Alfonso Marquina explained that the daily inflation in Venezuela is 2.8%, that is to say that inflation is every day higher than that of Chile throughout the year. "

On the other hand, he added that" the corresponding year-to-year inflation "in the period between June 2017 and June 2018, stood at 46.305% (forty-six thousand three hundred and five percent) "

In Venezuela, the population complains daily of high prices of products and that the minimum monthly wage, with all subsidies included, posted by the government in 5.60 0.000 bolivars, equivalent to 42.3 euros at the rate exchange rate and 1.36 euros on the parallel market.

The current price of the kilogram of meat is about 6,000,000 bolívares, a kilogram of mbad 2,800,000 bolívares, a 2,500,000 margarine and half kilogram of coffee more than 9,000,000