Venezuela dollar inflation hits 40% YTD; basic basket requires 4+ minimum wages

Venezuela's October inflation decelerated monthly (5.45% in bolívares, 1.69% in dollars), but cumulative dollar inflation reached 40% in 2026, eroding purchasing power. The basic food basket now costs over four minimum wages, indicating persistent severe economic strain despite the slowdown. The data, from Cedice Libertad's OGP, underscores ongoing hyperinflationary legacy and structural economic crisis.

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