*The Cuban government has announced price caps on rice and common beans (black, red, and white) produced nationally (both key staples of Cubans’ diet). This is as part of efforts to curb inflation, which closed last year at 24.88% in annual terms, down from 31.34% in 2023, 39.07% in 2022, and 77.0% in 2021. The price caps set the maximum retail price for rice at CUP155 (US$6.46) per pound while for common beans it is CUP196 with supply delivery and CUP285 without supply delivery.
Back
LatinNews Daily - 10 March 2025
In brief: Cuba imposes price caps on rice and beans
- COLOMBIA: Security personnel taken hostage in Cauca
- In brief: Inflation picks up in Colombia
- BRAZIL: Lula boosted by strong GDP figures
- In brief: Brazil posts trade deficit in February
- HAITI: New head of transitional presidential council
- In brief: Cuba imposes price caps on rice and beans
- MEXICO: Sheinbaum celebrates tariff ‘pause’
- In brief: Mexico’s annual inflation picks up
- URUGUAY: Orsi concludes cabinet inauguration
- In brief: Chile’s inflation slows
- Venezuela threatens to end migration cooperation with US