Inflation In Cuba 2024. The government itself has recognized inflation as a serious problem. Cuba's economy contracted in 2023, and eiu expects a modest economic recovery in 2024 on the back of disinflation and an uptick in tourism and remittances.
The rate of inflation has eased since then. He said inflation was 30%, compared with 38% in 2022, while food prices increased 78%.
Inflation, Meanwhile, Is Soaring Out Of.
The government itself has recognized inflation as a serious problem.
Official Figures Show Cuba’s Average Annual Inflation Of Nearly 50% A Year Over The Last Three Years And A 2% Contraction In The Gross Domestic Product.
Inflation on the formal market was around 30% at the end of the year, though informal inflation is much higher.
Cuba Inflation Rate For 2022 Was 0.00%, A 0% Increase From 2021.
Images References :
Inflation, Meanwhile, Is Soaring Out Of.
The maximum level was 6.9 % and minimum was 0.8 %.
But The Official Annual Rate Is Still Alarmingly High, At Around 30% (More Than Twice The Latin American Regional Average).
Making things worse is stubbornly high inflation, meaning more and more physical bills are needed to buy products.
Cuba Announced Tough Economic Measures For 2024 That Include Raising Prices For Basic Services And Cutting Subsidies On Staples, Alarming Many In Havana.