Venezuelan teachers march for better pay amid sky-high inflation

Teachers, retirees and workers’ unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation.
Venezuela’s inflation is estimated to have reached 305% last year, according a nongovernmental group of economists who calculate indicators in the absence of official data.
The government has not adjusted the salaries of public- sector employees since March last year, part of efforts to reduce spending and increase taxes which allowed Venezuela to emerge from hyper-inflation.
But in the second half of last year demand for foreign currency outstripped the weekly supply of dollars made available by the central bank and the bolivar depreciated further.