University workers to march on Miraflores on October 13

University workers announced they will join the mobilization of the health and education sectors toward the Miraflores Palace on October 13 to demand a wage increase, according to the outlet El Pitazo.

The protest seeks to press urgent wage demands in a context marked by a massive loss of purchasing power. According to data published by El Nacional, the cost of the family food basket exceeded $755 in August, while the minimum wage remains stuck at a level that barely represents 0.02% of that basket.

To gauge the inflationary crisis eroding incomes in the country, the International Monetary Fund (IMF) recorded annual inflation of 337.5% in 2023, 49.4% in 2024 and 252.0% in 2025. For the following years, the agency projects annual inflation of 387.4% in 2026 and 94.4% in 2027.

On the exchange-rate front, transactions and prices in the Venezuelan economy coexist with a gap between official indicators and the parallel market. The Banco Central de Venezuela (BCV) set the official reference rate at 874.73 bolívares per dollar and 979.08 bolívares per euro for October 8, 2026, institutional benchmarks that often differ from the values negotiated informally in the currency market.