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Venezuela Explained

Cedice: Venezuelans need 6.7 comprehensive wages to cover basic monthly consumption

Cedice Libertad's Public Spending Observatory reported that in July 2026, Venezuela's monthly inflation was 13.50% in bolívares, with a negative dollar-denominated variation of 3.91%.

Monthly inflation in July 2026 was 13.50% in bolívares and -3.91% in dollars.

Interannual inflation reached 738.79% in bolívares and 35.17% in dollars as of July 30.

A family of three in Caracas, Valencia, and Maracaibo needed 656,239.61 bolívares (885.49 USD) for a basket of 61 goods and services.

6.7 minimum wages are required to cover the basic consumption basket.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-08-15 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.