The year -on -year inflation in it formal market in Cuba It was in August in 15.21 %, a value slightly higher than that of July and that breaks a downward trend started a year and a half ago, according to data published Monday by the National Office of Statistics and Information (Onei).
The consumer price index (IPC) However, it continues well below the one registered in August 2024when it was at 30.12 %.
The Monthly variation compared to the previous month was 1.15 % and the accumulated variation It was 10.05 %.
The categories
By categories, the interannual rebound highlighted in Alcoholic beverages and Tobacco (105.46 %), followed by Restaurants and Hotels (23.40 %), Education (17.46 %), housing services (14.03 %), furniture and household items (13.91 %) and diverse goods and goods (13.49 %).
All categories experienced Interannual increases pricing with rates Two digitsexcept Clothing and footwear (8.73 %), recreation and culture (6.54 %), transport (5.10 %), health (1.18 %) and Communications (0.41 %).
Communications It remains as the Less inflation category Despite the strong rebound in the rates applied on May 30, which substantially raised the prices of additional mobile telephony generating protests and controversy.
According to estimates of the Cuban economist Pavel Vidalthe real inflation on the island in 2025, which, unlike the monthly reports of the Oneiincludes prices in the majority and better informal market, “would be around 70 %.”
The inflation ha tripled prices on the island since 2020, according to Official statistics. The consumer price index (IPC) closed in 2021 above 77 %; while in 2022 it stood at 39.07 %; In 2023, in 31.34 %, and in 2024, in 24.88 %.
Cuba is mired in a serious economic crisis and Energy For more than five years, evident in the Basic shortage (food, medicines and fuel), the high inflationthe economic contractionan increasing dollarization and prolonged daily blackouts.
The combination of the Covid-19 pandemicthe hardening of American sanctions From the first administration of Donald Trump (2017-2021) and the failed economic policies and national monetary have aggravated the structural problems of the Cuban economy.
The situation has caused a great Social discontentvisible in the unusual protests of recent years and in an unprecedented immigration wave on scale and duration.
