Cuban Consejo de Ministros Announces New “War Economy” Pricing Policies

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—Researched and Written by Lucía Armengol—Issue Jul 01-312024: In the face of an inflationary crisis and economic conditions reminiscent of the “Special Period” of the 1990s, the Consejo de Ministros has announced the adoption of “war economy” policies in Cuba. The conditions of Cuba’s “war economy” include new uniform pricing policies for state and private sectors and a cap on the prices of basic goods. In the days following the Consejo de Ministros’ announcement, confusion reigned, with a temporary suspension of price caps and an immediate scarcity of some food products.

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