Cubans Facing Runaway Inflation Of Over 70%

Cuba will have an inflation rate of over 70% by the end of 2021  

DW: Cuba records runaway inflation of over 70% 

The island country’s economy has suffered due to reduced tourism and US sanctions. 

Cuba ended it's dual-currency system earlier this year, also contributing to price fluctuations. 

Cuba will have an inflation rate of over 70% by the end of 2021, Economy Minister Alejandro Gil said on Tuesday. 

Cuba's economy shrank 10.9% in 2020 as the coronavirus pandemic devastated the country's tourism sector. 

This was further aggravated by new sanctions imposed by the United States during the presidency of Donald Trump.  

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Update: Cuba says taming inflation a priority as recovery begins (Reuters)  

WNU Editor: One more reason why Cubans want to leave .... As Cuba reopens to the world, many of its own look to leave (CNN).

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