Cuba puts a price cap on basic household items to counter high inflation

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In Cuba, authorities have put a price cap on certain foodstuffs in an effort to control inflation. The limited products with capped prices include chicken, vegetable oil, powdered milk, sausages, pasta and powdered laundry detergent. (AP video shot by Ariel Fernández and Milexsy Durán)
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Опубликовано:

8 июл 2024

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Комментарии : 9

@jkhsdjkhfjkhh3 17 дней назад

This never ends well

@jimmiller1686 16 дней назад

let's watch what happens to supply.

@cjbos81 16 дней назад

People forget that sellers are also customers.

@priceypr1ce 17 дней назад

allowing people to eat affordable food, prolly cut down on countless future crimes

@NotANameist 16 дней назад

Price controls? What could possibly go wrong? 😂😂😂

@whatgoesaroundcomesaround920 16 дней назад

In the photo, the kilo bag of black beans costs 450 Cuban pesos. At the current rate of exchange (1Cuban peso = 4.2¢ U.S.), this is about NINETEEN CENTS. The government has to be guaranteeing prices to farmers even as they are capping prices for consumers. The question is, where's the subsidy money coming from?