Amid the rising inflation in Cuba, the cost of a carton of eggs exceeded the country's minimum wage in Havana this Friday, reaching an average of 2,225 pesos. According to an updated list of food prices in the capital, shared through social media, a carton of 30 eggs can be found at prices ranging from 2,000 to 2,500 pesos, with an average of 2,225 pesos.
Similarly, a pound of pork steak, a staple in the Cuban diet, is sold for 1,150 pesos throughout the city, while a pound of chicken is priced at 380 pesos. Back in April, the situation was even worse, with a carton of eggs costing 3,400 pesos.
These prices have persisted for months on an island where the minimum wage is 2,100 pesos per month (equivalent to $6 at the current exchange rate), and pensions fall even below this amount. International organizations classify Cuba as the poorest country in Latin America (excluding Haiti) for several reasons, including high inflation and the low access to food for the population, many of whom live with malnutrition levels.
Impact of Inflation on Food Prices in Cuba
Given the current economic situation in Cuba, many readers have questions about the impact of inflation and the rising cost of living. Here are some frequently asked questions and their answers.
Why has the price of eggs increased so dramatically in Havana?
The price of eggs has surged due to the overall inflation affecting the Cuban economy, coupled with supply chain disruptions and scarcity of basic commodities.
How does the current minimum wage compare to the cost of living in Cuba?
The current minimum wage in Cuba is 2,100 pesos per month, which is insufficient to cover the basic cost of living, as evidenced by the high prices of essential food items like eggs and meat.
What steps are being taken to address the inflation and high food prices in Cuba?
So far, there have been limited measures from the government to effectively tackle the inflation and high food prices. The ongoing economic crisis requires comprehensive reforms and international assistance.