The Cendas-FVM data placed the price of the basic basket at USD 547.13 for the month of May and the basic basket, USD 1,163.12.

According to its director, Óscar Meza, the increase in the price of food affects the purchasing power of the population, with a minimum wage of less than $5 per month.

When comparing the value of the basic basket in May with respect to April, there was an increase of 0.9 %, which shows a trend of stability.

However, any increase affects the purchasing power of the population. “In the month of May, 167.59 minimum wages were required and 5.58 minimum wages were required daily.”

The Cendas-FVM pointed out that among the items that dropped in price are “fish and seafood (-0.2%); milk, cheese and eggs (-0.5%); fats and oils (-0.1%), fruits and vegetables (-3.3%), roots and tubers (-1.1%); grains (-1.7%); sugar and salt (-1.4%) sauce and mayonnaise (-1.3%) and coffee (-1.7%).” Cereals, on the other hand, as well as meat and derivatives did not drop in price.

The center estimates that the average personal expense would be “$400 to cover only food and health.”

M.Pino

Source: diarioelregionaldelzulia

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For the month of May, according to the report from the Central Bank of Venezuela, the country’s inflation was 1.5 %.

According to the regulatory entity, interannual inflation was 59.2 % and accumulated inflation was 7.8 %.

According to BCV data, the largest price increase was detected in the following items: food and non-alcoholic beverages (1.9 %); education services (1.8 %); restaurants and hotels (1.8 %); various goods and services (1.3 %); clothing and footwear (1.3 %); health (1.1 %) and transportation (1.0 %).

The Venezuelan Observatory of Finance (OVF), an independent entity not linked to the Central Bank (BCV), had estimated inflation in Venezuela of 3.9 % for May 5.

According to data from the specialized portal Datamacro, the CPI reflected a decrease in May, standing at 59.2 %; that is, 5.7 points below the previous month.

The BCV has stressed that inflation’s tendency to moderate continues during the rest of the year. Through a press release, it indicated that the “annualized variation (…) was 59.2 %, the lowest value since February 2014 -57.3 %-.”

M.Pino

Source: finanzasdigital

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A trade mission of approximately 20 Colombian companies will visit Venezuela between May 21 and 25 to strengthen binational trade ties and explore investment possibilities in Colombia.

Representations of these companies will visit the capital, Caracas, and the city of Valencia, Carabobo state, for this important commercial contact.

According to the latest report from the National Administrative Department of Statistics (DANE), external sales to the neighboring country between January and February 2024 reached USD 113.8 million, which represents an increase of 25.9 % compared to the same two-month period. of 2023.

It is in this context, described as positive, that the National Foreign Trade Association (Analdex) has organized this business mission with 20 companies to carry out various commercial activities in Venezuelan territory, taking into account the success of the first trade mission last year.

For the 2024 meetings, the ally “is the Institute of Higher Administration Studies (IESA) of Venezuela. Visits to an innovation center, the La Guaira port and participation in the ExpoFedecámaras Carabobo fair are also planned.”

Trade between Venezuela and Colombia was positive in 2023

It is estimated that last year “exports from Colombia to Venezuela registered US$ 673.4 million, with an increase of 6 % compared to 2022. The most exported goods were sugar confectionery, plastic in primary forms, bakery and milling products. , iron or steel manufactures, and fertilizers.”

The departments of Colombia that exported the most to Venezuela in 2023 are Bogotá, Valle del Cauca, Bolívar, Norte de Santander, Atlántico, Antioquia and Cundinamarca.

This year, the business meetings are aimed at “providing an immersion in the Venezuelan economic and business context, and facilitating networking with Venezuelan businessmen, who could generate business opportunities,” according to Javier Díaz, president of Analdex.

M.Pino

Source: americaeconomia

(Reference image source: @avnve, X)

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