Cuba units most costs for six fundamental merchandise

Havana. The Cuban authorities introduced Monday that it might cap costs on six merchandise, principally meals gadgets comparable to hen, milk and cooking oil, in an try to stem an upward pattern within the island’s markets, which is going through its worst financial disaster in 30 years.

The decision of the Ministry of Finance and Costs establishes “most retail costs” for minimize hen, oil, powdered milk, pasta, sausages and powdered detergent, based on the textual content printed within the Official Gazette.

The measure additionally exempts “imports of merchandise included within the listing from paying customs tax.”

In keeping with the brand new laws, a kilogram of minimize hen could have a most value of 680 pesos (5.6 {dollars}), a liter of vegetable oil, besides olive oil, 990 pesos (8.25 {dollars}), a kilo of sausage 1,045 pesos (8.7 {dollars}), a kilo of powdered milk 1,675 pesos (13.95 {dollars}) and a kilo of pasta 835 pesos (6.95 {dollars}).

A kilo of powdered detergent will value 630 pesos ($5.25).

The Minister of Finance and Costs, Vladimir Regueiro, burdened that “in current instances there was a bent in direction of rising costs” of those meals and different fundamental merchandise within the non-public markets that the federal government approved in 2021.

“And that is exactly one of many basic goals of this regulation: to include the expansion of costs,” Regueiro added, in statements broadcast on Cuban tv.

In its worst financial disaster in three a long time, with shortages of meals, medication and gasoline, the island is experiencing an inflationary escalation. In keeping with official figures, inflation soared by 70% in 2021, 39% in 2022 and 30% in 2023, ranges not seen by Cubans because the triumph of the revolution in 1959. Even so, specialists contemplate these figures to be underestimated.

On the island the common month-to-month wage is 4,800 pesos.

Regueiro defined that so as to set the utmost costs, the federal government held a sequence of conferences with representatives of the non-public sector, throughout which “all of the import circumstances of those merchandise” had been analyzed, together with “the primary suppliers (…), the circumstances beneath which these merchandise are financed” and “all of the logistical prices.”