Roaring inflation compounds Cubans’ economic woes By Reuters – Investing.com

  • Date: 16-Jun-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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Roaring inflation compounds Cubans’ economic woes By Reuters – Investing.com

By Marc Frank

HAVANA (Reuters) - Cubans woke up all last year wondering where they could find basic goods such as milk, pork, rice, beans, medicine or shampoo. These days, they also ask themselves: "if I do, what on earth will it cost?"

Amid widespread shortages, the near-bankrupt, import-dependent country has increased sales of goods in convertible currencies https://www.reuters.com/article/us-cuba-economy/in-cuba-the-old-foes-currency-makes-a-comeback-idUSKCN24L2AI like the dollar over the last year, even as it stopped exchanging pesos for those currencies.