Communist-run Cuba has imposed price controls on goods and services ranging from...
HAVANA - Communist-run Cuba has imposed price controls on goods and services ranging from lemons and pork to haircuts and taxi fares in what it says is an effort to tame inflation as it increases state wages and pensions.
In recent weeks, regional authorities have slapped price controls on taxi fares, beverages and haircuts, among other items. The price controls differ from province to province. The measures included increased wages and pensions for more than 2 million state employees. That amounts to 8 billion Cuban pesos annually, equivalent to 13% of this year’s budget.
Pork, a staple of the Cuban diet, has been set at 45 pesos a pound, although market sellers said it previously went for some 65 pesos a pound.
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