Saturday, December 2, 2023

Cuba. Interannual inflation has increased compared to the Millennium Group in 2022

Interannual inflation, one of Cubans’ greatest scourges, was at its peak 39.52 percent and exceeded the value of the same month last year (34.31 percent), confirmed the official National Office for Statistics and Information (to the good ones).

The institution, which focused its analysis only on the formal market, pointed out that “the consumer price index increased by 0.70 percent compared to the previous month.”

According to articles that to the good ones pointed to 60.76 percent annual growth in restaurants and hotels; 53.47 percent for food and non-alcoholic beverages; 33.02 percent in transportation; and 23.99 percent for goods and other services.

“Look, I don’t know statistics, but I know that my pension is not enough to cover the month because prices here are increasing every day, both in government and private stores,” he commented MILLENNIUM Julia Elvira Sánchez, retired academic.

The population is angry about the price increase | Particularly

The rise in inflation, which the government has not been able to contain, “is, in my opinion, the greatest of our evils, more than the power outages or the lack of food and medicine,” Sánchez added, summarizing very similar statements from other Cubans.

several years, Cuba is facing the worst crisis of the century due to the tightening of economic sanctions by the United States and the unproductivity of its economy. All of this in the middle of one deep Structural reform Results are not in sight.

“The more that has been done, the worse off we are. It will be paradoxical, but perhaps in the years (the last three) in which more measures have been taken to restore the economic system to its dynamism, a greater openness in the functioning of the economy has been achieved if we compare them with previous ones It turns out that there are phases in which the worst results were achieved,” says the economist with a doctorate. Juan Triana.

The scientist alluded to the rebirth of the private sector in the country thereafter half a century of ban and other measures aimed, albeit unsuccessfully, at strengthening the still dominant state sector.

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Cuba will pool currencies to improve its economy; but residents fear inflation will rise. (AP)

“Prejudices, sectoral interests and political fears have repeatedly led us to and from mediated proposals, where these prejudices have affected the rationality of the proposals and created excessive inconsistencies and too much uncertainty,” he estimates. Triana.

The reforms in Cuba are carried out to prevent the state from losing the social, economic and political control it has exercised for decades, on the assumption that this will ensure a better distribution of wealth.

Nation World News Desk
Nation World News Desk
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