Inflation in Cuba
End-of-period consumer price inflation in Cuba averaged 13.9% in the ten years to 2022, significantly above the Central America and Caribbean regional average of 3.9%. The end-2022 figure was 39.1%. For more inflation information, visit our dedicated page.
Cuba Inflation Chart
Note: This chart displays Inflation (CPI, ann. var. %, eop) for Cuba from 2024 to 2023.
Source: Macrobond.
Cuba Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, eop) | 18.5 | 77.3 | 39.1 | 31.3 | 24.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cuban projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable forecast available for Cuban .
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