Experts say the Venezuelan economy has shrunk more than 50 percent since Nicolas Maduro became president six years ago, a process that destroyed the buying power of Venezuelans and plunged the country into hyperinflation.
The country faces even tougher times ahead.
Inflation, which hit nearly 1 million percent in 2018, could soar to 10 million by the end of this year, according to the International Monetary Fund. Trapped in a labyrinth of Socialist formulas, the Maduro regime is pushing for measures that increase inflation rather than dampen it.
In November, Maduro announced a 150-percent increase in the minimum salary, the sixth such increase in 2018.
“This correction comes as a Christmas gift. It’s to improve the life of the people,” Maduro declared.
But not all Venezuelan families enjoyed the gift. Very few could afford the typical holiday meals. Just one ham bread, one of the traditional Christmas dishes, cost 4,892 Bolivares soberanos – more than the minimum monthly salary of 4,500 Bolivares soberanos.
The hundreds of Maracaibo residents who wait in line Wednesdays at the church are not exempt. Volunteers from the Fundación la Casa de la Misericordia serve about 800 meals each Wednesday. Some weeks, it’s chicken soup, others, rice with meat and vegetables.
Many in line are extremely thin, a signal they don’t have the funds to buy food or can’t find food on the shelves.
One study by the non-government Human Rights Commission for Zulia State — Maracaibo is capital of the state —found that 72 percent of food items were in short supply in October and November, even as prices soared by 305 percent.
The study concluded that Maracaibo residents suffer from all the aspects of food insecurity: concerns about acquiring the food; limited variety, quality and rations; and hunger.
Nearly 75 percent of the homes surveyed reported that at least once over the previous three months, the adults and children were hungry but did not eat. Only 8 percent reported eating protein every day.