Cuba will have an inflation rate of over 70% by the end of 2021
DW: Cuba records runaway inflation of over 70%
The island country’s economy has suffered due to reduced tourism and US sanctions.
Cuba ended it's dual-currency system earlier this year, also contributing to price fluctuations.
Cuba will have an inflation rate of over 70% by the end of 2021, Economy Minister Alejandro Gil said on Tuesday.
Cuba's economy shrank 10.9% in 2020 as the coronavirus pandemic devastated the country's tourism sector.
This was further aggravated by new sanctions imposed by the United States during the presidency of Donald Trump.
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Update: Cuba says taming inflation a priority as recovery begins (Reuters)
WNU Editor: One more reason why Cubans want to leave .... As Cuba reopens to the world, many of its own look to leave (CNN).
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