Inflation in Cuba at 23% and climbing with no relief in sight

Socialist abundance

From our Bureau of Socialist Economics

And you thought inflation here in the U.S. was bad at 8%. Since 2010 prices for food and non-alcoholic beverages have risen by a staggering 79.68% in Cuba, And Castro, Inc. doesn’t ever adjust salaries to inflation.

Then, you’ve got those pesky food shortages to deal with, and the long lines for the little that is available. And whatever is available costs a lot more than it did the week before, and your income never increases.

Once again, socialism at its best. Nothing but bad news for Cubans. Come on down, tourists, everything will be wonderful for YOU! No worries, we know you are superior beings. No worries, our noble savages don’t need much to be deliriously happy.

Loosely translated from Diario de Cuba

The sustained increase in the price of food in Cuba decisively influenced the official year-on-year inflation to stand at 23.69% in April, according to figures published by the state-run National Statistics and Information Office (ONEI).

According to the report, the increase in the consumer price index (CPI) compared to March was 3.54%, the highest so far in 2022.

This, without taking into account the prices of the informal market, to which most Cubans resort to obtain scarce products or those who do not have dollars to buy what is only sold in freely convertible currency (MLC) in stores run by the military. of the GAESA business conglomerate.

All the categories analyzed by ONEI, which for its report registers some 32,368 prices in around 8,600 state establishments in 18 municipalities throughout Cuba, show an increase in the amounts that Cubans must pay.

Regarding the prices based on the ONEI, corresponding to 2010, the items that have increased the most are food and non-alcoholic beverages (79.68%), restaurants and hotels (9.23%) and transportation
(3.06%).

The foods with the highest price increases are milk, pork, rice, white cheese, ham and chicken eggs, the latter a basic food in Cuban homes.

2 thoughts on “Inflation in Cuba at 23% and climbing with no relief in sight”

  1. Don’t worry about it. It’s all good–certainly for Castro, Inc., since the “diaspora” will have to pump even more money into the regime’s coffers. It all depends on how one looks at it, you see.

  2. And, as so often, the photo is to die for. Apart from the juxtaposition of the worst, most toxic men in Cuba’s history with arguably the best Cuban ever, there’s the utterly cringeworthy (at best) placement of crass political BS in an ostensible food establishment. Still, it appears to be junk food, which would be apt.

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