Cuba:  Reduction in food prices of up to 20%

JSC: Jamaicans in Solidarity with Cuba

Source: Granma
April 28 2016

Cubans welcomed the measure designed to increase the population’s purchasing power over the short term.

cubans welcome reduction in food prices.jpg

by Redacción Nacional | internet@granma.cu

Cubans welcomed the announcement on April 22 of a reduction of up to 20% in the price of certain products, mainly foodstuffs.

The Ministry of Finance and Prices highlighted in an informative note published the same day in the national press, that the Central Report to the 7th Party Congress, held April 16-19, states that “salaries and pensions are still insufficient to meet the needs of the Cuban family.”

Gradually increasing the population’s purchasing power in the short term

The note adds that although the definitive solution to this complex situation will only be reached through an increase in the productivity and efficiency of the national economy, “the political will of the Party and government leadership to do everything possible to improve the situation of the population…

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