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Consumer price index published in Cuba

Cuba, índice, precios, consumidor

Consumer price index published in Cuba

Havana, Mar 18 (Prensa Latina) Cuba's National Statistics and Information Office (ONEI) on Friday published data related to the Consumer Price Index, an important element to understand the country's economic process at present.
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The report contains data since February 2022, when the indicator stood at 196.20 points with respect to the base (2010).

The monthly variation is 0.90 percent, the accumulated variation is 1.05, and an interannual variation of 23.03 percent is shown.

The monthly publication of the ONEI’s Consumer Price Index (CPI) allows knowing the average variation by the values of a basket of goods and services, which are representative of the population’s consumption in a given period.

Approximately 32,368 prices are collected monthly, in around 8,600 establishments, located in 18 municipalities throughout Cuba.

The research covers the urban area of the head municipalities of 14 provinces and four in Havana (Playa, Plaza de la Revolucion, Centro Habana and Habana Vieja) to obtain national coverage.

This means that the index to be shown is only representative of the country, it does not exist at the level of regions or municipalities. The basket of goods and services contains 298 items that account for more than 90 percent of household spending.

With this publication, the methodological notes that help to understand the content of the CPI better are available to analysts, as well as a list of minimum and maximum prices of products selected by province and considered for the construction of this indicator.

The ONEI seeks information on restaurants and hotels, transportation, various goods and services, housing, furniture and household items, education, clothing and footwear, recreation and culture, food and non-alcoholic beverages, communications, health, and alcoholic beverages and tobacco.

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