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.

Venezuela hikes wages 40% -- to a month
Venezuela hikes wages 40% -- to a month
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