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In an attempt to quell popular anger over soaring prices, Havana has imposed price caps on the private sector for six basic consumer goods. This may help fight inflation somewhat…
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DOI: 10.1108/OXAN-DB288398
ISSN: 2633-304X
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Geographic
Topical
So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…
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DOI: 10.1108/OXAN-DB260020
ISSN: 2633-304X
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Geographic
Topical
The long-postponed move is essential but will send shockwaves through the economy. Inflation and currency flight will soar. Salary and pension hikes will be quickly eaten up by…
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DOI: 10.1108/OXAN-DB258191
ISSN: 2633-304X
Keywords
Geographic
Topical
The move comes as Cubans face a severe economic crisis and increasing hardship that is driving record outward migration. The collapse of Russian tourism and increased fuel and…