Retail inflation in Cuba last November was 2.29 percent (%), lower equal to the same period last year, when it reached 4.11 %, informed Alejandro Gil Fernández, Cuba‘s deputy prime minister and head of Economy and Planning.
Through his account in X, he indicated that inflation is slowing down and attached to the publication graphs that attest to it, with values such as index, monthly, accumulated and interannual variation.
Inflation slows down in Cuba, says Economy Minister
Retail inflation in November was 2.29%, well below the November 2022 mark of 4.11%. With this result, a retail inflation rate of 27.03% and a year-on-year rate (November 2023 to November 2023) of 31.78% will be accumulated in 2023 (January-November).
Gil Fernandez pointed out that in spite of this, the gap between prices, salaries, pensions and income in general from labor continues as one of the main unresolved problems and must be faced with more production, efficiency and control.
Inflation slows down in Cuba, says Economy Minister
The Council of Ministers approved last week in an extraordinary session the report on the estimated performance of the economy at the end of 2023 and the proposed Plan of the Economy for 2024, as well as the Preliminary Draft of the State Budget for next year.
The documents will be submitted for the consideration of the deputies during the Second Ordinary Session of the National Assembly of People’s Power, in its 10th Legislature, starting next December 20.
With information from CNA / Translated by Radio Angulo
- Inaugurated local development fair in ExpoHolguin - 26 de April de 2024
- ALBA-TCP has proven its viability for and from the South - 24 de April de 2024
- For a better health service to salute May Day - 24 de April de 2024