Home » Cuban Economy Faces Inflation Crisis: The Rising Cost of Essential Foods

Cuban Economy Faces Inflation Crisis: The Rising Cost of Essential Foods

by admin
Cuban Economy Faces Inflation Crisis: The Rising Cost of Essential Foods

Inflation continues to run rampant in the Cuban economy, with uncertainty stemming from a criminal case against former minister Alejandro Gil. The prices of essential foods like pork, eggs, beans, and cooking oil in Cuba are skyrocketing, making it increasingly difficult for citizens to afford basic necessities.

Independent media outlet El Toque recently reported on the rising price of pork in the country, which is the most demanded meat in Cuban households. In Havana, a pound of pork steak was averaging 1,055 Cuban pesos, with some places charging up to 1,200 pesos. The cost of pork tenderloin and smoked pork shoulder was also on the rise, further burdening consumers.

Meanwhile, red beans are considered a luxury item in Cuba, with prices reaching nearly 400 Cuban pesos per pound in provinces like Cienfuegos. Basic staples like rice are also expensive, with prices exceeding 150 pesos per pound in some areas. The inflationary trend is making it difficult for many Cubans to afford a balanced diet.

The cost of cooking essentials like sunflower oil is also on the rise, with a liter bottle selling for 790 Cuban pesos in Havana. Additionally, a carton of eggs was reportedly being sold for 2,000 pesos, further straining the wallets of average citizens.

With prices of essential goods continuing to rise, many Cubans are finding it increasingly challenging to make ends meet. As inflation persists in the Cuban economy, the government faces mounting pressure to address the affordability crisis facing its citizens.

See also  Barilla invests in the Castiglione delle Stiviere plant

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy