Price increases 50% in a week for Venezuelan beef... if it can be found at any price.
A kilo of beef exceeds 220 thousand bolivars in Ciudad Guayana
Dec 20, 2017 6:56 am
translated from Spanish
Inflation continues to accelerate and this week, as shown by it,
beef rose to 225 thousand bolivars per kilo, 50% more than a week ago. "The meat travels from different states, the products also suffer the increase in costs and can not be sold at a regulated price," explained a butcher of a refrigerator in Los Olivos, who preferred to keep his name in reserve. This is what maildelcaroni.com reports
At the end of October, the National Federation of Cattle Ranchers (Fedenaga) agreed in a meeting with authorities of the government and the Superintendency for the Defense of Socioeconomic Rights (Sundde) that the price of a kilo of meat would be fixed at Bs. 41 thousand. kilo, while broiler cuts such as punta, solomo and lomito were released from regulation.
Then, the market price almost doubled the regulation and now the disparity is much higher.
While the meat of the first round the Bs. 220 thousand in Puerto Ordaz, cuts such as solomo de cuerito and loin are close to 300 thousand bolivares in still lifes and refrigerators of Ciudad Guayana.
-snip-
https://www.lapatilla.com/site/2017/12/20/un-kilo-de-carne-de-res-sobrepasa-los-220-mil-bolivares-en-ciudad-guayana/
Letting no good deed going unpunished. Maduro's asinine dictates superseded again by the Law of Unintended Consequences.
The monthly minimum wage in Venezuela is approximately $1.50. About 170,000 bolivars. It would take nearly two monthly minimum wages to buy a kilo of beef.