Interim President Announces May 1 Wage Hike Amid Soaring Inflation

Venezuela’s interim president, Delcy Rodríguez, announced in a televised address that wages will rise beginning May 1. The move aims to ease the burden of hyperinflation and economic collapse. The current minimum hourly wage is about $0.27, while annual inflation exceeds 600%. Government bonuses can boost monthly income to around $150, but basic food costs for a family reach approximately $645. Rodríguez acknowledged past economic “mistakes” and promised a “responsible” increase, though she did not disclose exact figures. Labor unions have long decried “poverty wages” that lag far behind living costs. In response to the crisis, several groups have called for a demonstration in the capital this Thursday to demand a livable wage.

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