The year -on -year inflation In the formal Cuban market it was 14.37 % in July, the National Office of Statistics and Information (Onei) reported on Monday, which maintains the tendency to a slowdown, although for some economists some indicators could be a sign of macroeconomic turbulence.
The monthly variation of the Consumer Price Index (CPI) compared to the previous month was 0.49 % and the accumulated variation was 8.79 %, underlines a report from EFE.
For the economist Pedro Monreal, these data “indicate three aspects of interest: moderation of inflation, staging situation resulting from the coexistence of recession and inflation, and the function of impoverishment as an anti -inflation instrument.”
10/10 The return to a level of more than 50% of the effect of food on the monthly variation of inflation was reaffirmed in July, although with a level lower than the previous month. It could be a macroeconomic turbulence signal due to the persistent agricultural crisis pic.twitter.com/yxkw8pbvkv
– Pedro Monreal (@pmmonreal) August 9, 2025
“In July, what happened in May and June was reproduced when there was an increase in the monthly price of food superior to general inflation, reversing the opposite trend observed in the first four months of 2025,” said the economist from X.
By categories, the Onei highlighted the interannual rebound in alcoholic and tobacco drinks (106.46 %), followed by restaurants and hotels (21.02 %), education (14.48 %), various goods and services (13.43 %), housing services (12.90 %), and non -alcoholic foods and beverages (12.88 %).
#Ipc | In July, the monthly variation of the consumer price index was 0.49 %, the accumulated variation was 8.79 %and the year -on -year variation of 14.37 %.
1/5 pic.twitter.com/gu2lglp3um
– National Statistics and Information Office Cuba (@cubaonei) August 11, 2025
All categories experienced year -on -year increases with two -digit rates, except for clothing and footwear (8.07 %), recreation and culture (6.32 %), transport (4.58 %), health (1.06 %) and communications (0.34 %).
Communication, a separate
Communications is maintained as the least inflation category despite the strong rebound of rates applied on May 30, which substantially raised the prices of additional mobile telephony, generating protests and controversy.
Monreal himself stressed that inflation analysis must start from the “debatable reliability of its official measurement.”
“Not a few economists consider that official statistics undervalue inflation,” he says.
The social perception on the island is that inflation is far superior to the official figures, where it is difficult to include the behavior of prices in the extensive and not regulated black market of the country, more assorted and dynamic than the officer.
Inflation has tripled prices on the island since 2020, according to official statistics. The consumer price index (CPI) closed in 2021 above 77 %; while in 2022 it stood at 39.07 %; in 2023, in 31.34 %, and in 2024, in 24.88 %.
The situation …
Cuba is plunged into a serious economic and energy crisis for more than five years, evident in the shortage of basic products, high inflation, economic contraction, increasing dollarization and prolonged daily blackouts.
Cuba lives a May with more increases: food heads new inflationary rebound
The situation has caused great social discontent, visible in the unusual protests of recent years and in an unprecedented migratory wave.
The combination of the Covid-19 pandemic, the hardening of US sanctions from the first administration of Donald Trump (2017-2021) and the failed national economic and monetary policies have aggravated the structural problems of the Cuban economy and have increased social differences.
