Cuba puts a price cap on basic household items to counter high inflation
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18 күн бұрынIn Cuba, authorities have put a price cap on certain foodstuffs in an effort to control inflation. The limited products with capped prices include chicken, vegetable oil, powdered milk, sausages, pasta and powdered laundry detergent. (AP video shot by Ariel Fernández and Milexsy Durán)
#cuba #inflation #news
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@jkhsdjkhfjkhh3 16 күн бұрын
This never ends well
@jimmiller1686 15 күн бұрын
let's watch what happens to supply.
@cjbos81 16 күн бұрын
People forget that sellers are also customers.
@priceypr1ce 16 күн бұрын
allowing people to eat affordable food, prolly cut down on countless future crimes
@NotANameist 16 күн бұрын
Price controls? What could possibly go wrong? 😂😂😂
@whatgoesaroundcomesaround920 15 күн бұрын
In the photo, the kilo bag of black beans costs 450 Cuban pesos. At the current rate of exchange (1Cuban peso = 4.2¢ U.S.), this is about NINETEEN CENTS. The government has to be guaranteeing prices to farmers even as they are capping prices for consumers. The question is, where's the subsidy money coming from?
@out_running_erins9118 16 күн бұрын
STING RAY
@mariojrog9465 15 күн бұрын
No capitalism
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