Venezuela's inflation rate drops to 445,500%
- 5 years ago
Venezuela's monthly inflation rate dropped for the second straight month in June,... but the annual rate remains well over 400-thousand percent.
The latest rate nearly halved from over 800-thousand percent in May.
According to an opposition lawmaker Wednesday,... workers' salaries are still not nearly enough to cover the rising cost of consumer goods in the collapsing South American economy.
The official minimum wage is 40-thousand bolivars a month,... equivalent to less than six U.S. dollars.
The latest rate nearly halved from over 800-thousand percent in May.
According to an opposition lawmaker Wednesday,... workers' salaries are still not nearly enough to cover the rising cost of consumer goods in the collapsing South American economy.
The official minimum wage is 40-thousand bolivars a month,... equivalent to less than six U.S. dollars.