Maduro increases teachers salaries 345% so far this year.... but...

Venezuela’s Maduro Increases Teacher Salaries as AN Released Inflation Estimate

Puebla, Mexico, June 9, 2017 Venezuela Analysis (English language mouthpiece of Maduro regime!)

Venezuelan President Nicolas Maduro announced the implementation Thursday of a 15 percent salary increase for teachers nationwide.

“Today, a new 15 percent increase in the salaries … of teachers in the public education [system] comes into force,” Maduro said.

The president said this is the fourth major salary increase this year, arguing that the increases were part of his government’s commitment to improving the lives of Venezuelan workers.

-snip-

Read more here: https://venezuelanalysis.com/news/13176

Unfortunately, inflation is rampant in Venezuela. A 345% increase in salaries is pretty paltry in an economy where inflation is expected to be 1900% this year. Maduro refuses to release 'official' data in regards to the nations finances, and he disputes the 800% inflation increase reported last year (2016) Last year, the minimum wage increased 454%, but Maduro insists that workers are doing "better than ever!"

Read more here: http://www.cnbc.com/2017/01/20/venezuela-2016-inflation-hits-800-percent-gdp-shrinks-19-percent-document.html