Venezuela hikes wages 40% — to $67 a month

One dead, dozens injured in Venezuela protests

Venezuela’s President Nicolas Maduro just increased the nation’s minimum wage by 40%.

But that’s still not much in a world where inflation is expected to soar by nearly 500% this year and 1,660% next year, according to forecasts by the International Monetary Fund.

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World business news – CNNMoney.com

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