Cuba imposes price caps on select imported food items, aiming to regulate the private sector and protect citizens' purchasing power.

Cuba has imposed price caps on selected imported food items, including edible oils, despite warnings of potential shortages and public hunger. Price limits do not apply to government-sold goods. Authorities aim to regulate an expanding private sector and protect citizens' purchasing power amid economic challenges. Price caps are set for a 30% profit margin over costs, with periodic monitoring and possible updates.

July 08, 2024
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