Inflation in Cuba Reaches 20.70%

Inflation rates in Cuba continue to rise, with the inflation rate recorded at 20.70% in July. This situation reflects the country's struggling economy, particularly with increases in food, beverage, and transportation prices. The high inflation rate in Cuba is attributed to the US petroleum embargo and the country's overall economic situation. Economists predict that inflation could further increase. The effects of inflation in Cuba are not only limited to the economy but also impact the daily lives of the people, making it difficult for them to meet their basic needs.