Allende raised wages on a number of occasions throughout 1970 and 1971, but these wage hikes were negated by the in-tandem inflation of Chile's fiat currency. Although price rises had also been high under Frei (27% a year between 1967 and 1970), a basic basket of consumer goods rose by 120% from 190 to 421 escudos in one month alone, August 1972. In the period 1970–72, while Allende was in government, exports fell 24% and imports rose 26%, with imports of food rising an estimated 149%.