Cuban TV news journalist Lázaro Manuel Alonso reported on the price cap for some products.
In a message on Facebookhe said: “Maximum prices have been set for the retail sale of chicken, oil, powdered milk, pasta, sausages and detergent.”
The information corresponds to a regulation published in the Official Gazette of Cuba and its sole annex: “Products exempt from payment of customs tax for imports and their maximum retail prices.”
To consider:
For all assortments of these products, the maximum retail price is determined by correlation with that approved in this Resolution.
The establishment of the aforementioned maximum retail prices does not imply or justify the increase in the prices of these products, in cases where at the time of entry into force of this Resolution they are being marketed at lower retail prices.
TOP on MSME products:
Recently, Cuba’s Deputy Minister of Finance and Prices, Lourdes Rodríguez Ruiz, announced that the measure to cap prices on MSME products, although already approved, would not be applied immediately.
According to declarationsAccording to Rodríguez Ruiz, the decision was made following “the need to continue exchanges with economic actors, on the realities they face in their import, transportation and marketing processes, as well as addressing the public opinion.”
The measure, which seeks to establish temporary maximum prices for a group of basic products, had been announced previously and was expected to come into effect from last Monday.
Official: Price cap for high-demand products in Cuba comes into effect
TODAY it has been made official through the Resolution 225 of the Ministry of Finance and Prices, published in Official Gazette No. 61 (ordinary).
“The Ministry of Finance and Prices, in coordination with the Ministries of Foreign Trade and Foreign Investment and Domestic Trade, is responsible for periodically observing the behavior of import prices of the goods referred to in this resolution, to determine the corresponding updates to their maximum retail prices, as well as the proposal for the inclusion of other goods,” the regulation states.
According to Cubadebate, in a press conference it was explained that in the formation of retail prices for these products, economic actors recognize up to a 30% profit margin on costs and expenses, provided that they do not exceed the prices defined in Resolution 225.
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