At the fifth edition of the Expo Cámara Industrial, Fedecámaras treasurer Celso Fantinel indicated the possibility of upcoming announcements of progressive salary increases in 2026 and 2027.
According to the business leader, these announcements are part of the technical and institutional meetings…
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purchasing power
Three Latin American countries have the highest monthly minimum wages
The issue of wages is debated globally. The pursuit of workers' social and economic well-being drives negotiations between unions, labor federations, and government representatives. Recent reports from Bloomberg Linea indicate that three…
The bolivar continues to devalue
The bolívar, Venezuela's official currency, continues to experience a marked devaluation that is hitting the population's purchasing power and eroding wages.
As of the end of November, the national currency had lost 8.8 % of its value…
Venezuela’s economy will be marked by inflation and the exchange rate in 2025
In a forum held by the Venezuelan Finance Observatory, with the participation of specialists and academics, the economic scenario for the country in 2025 was analyzed, with projections of a scenario marked by inflation and the exchange…
Cost of the food basket in May reached USD 547.13
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…
BCV: Venezuela registered an inflation of 4.1 % in the first quarter of 2024
Venezuela registered an accumulated inflation of 4.1 % in the first quarter of the year, after adding 1.2 % in March, the same as in February and 1.7 % in January, reported the Central Bank (BCV).
The 1.2 % rate is the lowest the nation…
Salary increase in May could be through bonuses
Venezuela's labor sector remains waiting for the salary increase on May 1. In this regard, economist Asdrúbal Oliveros, director of Ecoanalítica, declared this Wednesday that this could happen through bonuses.
He indicated that in the…
Minimum wage increase in Venezuela could be in stages
The working groups on the increase in the minimum wage in Venezuela continue to work. A new proposal envisages an increase in stages, which includes first taking the current salary from 130 bolivars to 600, in November of this year taking…
Argentina will increase electricity tariffs
The Government of Argentina announced an increase in electricity tariffs that will take effect in April. The main objective is to “normalize the electricity sector” and promote the efficient use of energy in the South American country.…
Mexico’s inflation remains on an upward trend
Mexico maintains inflation with an upward trend, located at 4.9 %, according to the National Consumer Price Index.
The organization's report indicates that the increase in the inflation rate has been maintained for three fortnights, with…
Inflation in Venezuela climbs to 6.7 % monthly but year-on-year falls to 362 %
The National Consumer Price Index (INPC) of Venezuela registered a slight increase in October of seven tenths, reaching 6.7 % monthly, while the year-on-year figure fell to 362 %, compared to the year-on-year inflation of 396 % registered…
Inflation continues to rise in Venezuela
As a result of the constant increase in the prices of goods and services, Venezuela could reach an inflation rate of 300 %.
Economists point out that the injection of millions of dollars into the banking sector by the Central Bank of…