Average Cuban state salary reached 7,354 pesos in August

The average salary of Cuban state workers and officials reached 7,354 pesos (CUP) in August, equivalent to just over nine dollars at the informal exchange rate.

The amount rose 6.12% from figures released in April, although income remained insufficient to cover households’ basic needs.

In August, year-over-year inflation in the formal market reached 25.19%, while the monthly rate was 4.92%. Since late September, the dollar had averaged more than 750 pesos in the informal market.

Income also varied by industry and region: construction averaged 14,743 pesos, while education averaged 5,824. Havana exceeded an average of 6,815 pesos, and the Isle of Youth recorded 5,802.