The Minister of Economy of Cuba, Joaquín Alonso Vázquez, stated before the Council of Ministers in March that food production is on the rise and that inflation has started to ease.
A message that clashes with the everyday reality of Cubans, as the scarcity of basic products and high prices continue to define daily life.
The official stated that the agricultural production plan is meeting its objectives in nearly all sectors, although he specified that some, such as eggs, continue to decline.
Although the balance of domestically produced food grew in the last month - according to the leader - this supposed increase remains insufficient to meet demand, highlighting one of the regime's major shortcomings: its inability to ensure the supply for Cubans, who continue to struggle to find basic products.
Regarding inflation, Alonso Vázquez stated that the curve is decreasing compared to last year, although he had to admit that prices increased by 2% in February.
The highest price increase was recorded in the agricultural sector, with intermediaries raising margins along the distribution chain. This situation particularly affects the central and eastern provinces, while in the west, the increases have been somewhat lower.
Despite those figures, food scarcity and high prices remain a pressing issue for most citizens.
The shortage of basic products continues to severely impact the quality of life of the population, while the authorities insist on solely blaming the U.S. embargo for the economic difficulties.
Cuba has also not been able to meet export expectations for goods, except for a few products such as tobacco, lobster, and rum.
Meanwhile, exports of medical services are growing, while other sectors, such as tourism and telecommunications, continue to fall short of their targets.
The regime, while presenting these data, avoids addressing the true causes of the economic crisis the country is facing, which include poor internal management and outdated infrastructure.
Instead of acknowledging its responsibilities, the government hides behind the international context, while Cubans continue to struggle with shortages and rising prices.
Frequently Asked Questions about the Economy and Inflation in Cuba
Has inflation really decreased in Cuba?
The Minister of Economy of Cuba, Joaquín Alonso Vázquez, claims that inflation has started to decline. However, this statement does not reflect the everyday reality of Cubans, who continue to face high prices in the markets. The disconnect between official figures and the daily experiences of the population creates skepticism and distrust.
What measures has the Cuban government implemented to reduce inflation?
The Cuban government has implemented measures such as inspections and the establishment of price caps to control inflation. However, these actions have not led to an effective reduction in the prices of essential goods, raising doubts about their effectiveness. Cubans continue to face an economic crisis characterized by high inflation and a shortage of products.
Why do Cubans not perceive the supposed reduction in inflation in their daily lives?
The disconnection between official figures and everyday reality is due to the fact that, despite the supposed reduction in inflation, the prices of basic goods remain high and shortages persist. This situation is exacerbated by prolonged blackouts and a lack of medicines, which severely impacts the quality of life for Cubans.
What are the external criticisms of the government's statements regarding inflation?
Experts such as economist Pedro Monreal believe that the Cuban government's statements about economic improvement are "delusional" and disconnected from reality. Monreal argues that the Cuban economy remains in crisis due to ineffective economic policies and a compression of wages that worsens the population's standard of living.
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