News Summary

• Díaz-Canel said price caps “failed to contain inflation,” made products disappear into illegal markets, drove prices higher.
• Analysts are calling it the most significant Cuban policy shift in at least 15 years.
• Inflation peaked near 77% in 2021 and has stayed high.
• Food, medicine, and fuel shortages are chronic.
• More than a million Cubans have emigrated in recent years..
• The admission has already been pulled into US politics.
• Congressman Ro Khanna, who has co-sponsored a 5% annual wealth tax on billionaires with Bernie Sanders, pitched explicitly at people like Elon Musk.