Beginning October 1st, urban bus fares in Caracas, Venezuela, have increased to 220 Bolivars. Fares for suburban routes range from 300 to 1,100 Bolivars, dependent on the distance traveled. This price hike comes while the minimum wage remains frozen at 130 Bolivars since 2022, raising concerns about affordability for commuters. The increase significantly impacts the daily expenses of residents relying on public transportation within the city of Caracas and surrounding suburban areas. The news was originally published by TalCual. Economists predict this fare adjustment will exacerbate the existing economic pressures on the Venezuelan population. The situation highlights the widening gap between transportation costs and stagnant wages.