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Venezuela Plans Wage Rise Amid 650% Inflation Crisis

4/24/2026

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Story summary
  • Acting President Delcy Rodríguez announced a “responsible” minimum-wage increase to be unveiled by Labor Day on May 1, 2026.
  • The Central Bank reported annual inflation of 650 % in March 2026.
  • Minimum wage stays at 130 bolívares (? $0.27), leaving many to choose between food and medicine.
  • Former opposition lawmaker José Guerra said exchange-rate stabilization and inflation control must precede any wage reform.