Cost of living inches up slightly for June

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Posted: Friday, July 28, 2017. 8:13 a.m. CST.

By BBN Staff: Belizean households paid an average of 60 cents more for goods and services for the month of June, according to the lasts Consumer Price Index released by the Statistical Institute of Belize (SIB).

“The ‘Transport’ index was the single greatest contributor to the overall rise in consumer prices for the month of June 2017, with items within this category rising on average by 6.7 percent when compared to June 2016,” the SIB said.

Gas prices were one of the major drivers behind the overall increase, as all three types of fuel were more expensive  in June than the previous year with the highest price hike being recorded for Premium gasoline, which rose by almost 19 percent from $8.94 in June of last year to $10.62 in June 2017. Diesel prices were up 7 percent from $8.49 to $9.08, while Regular gasoline was up almost 6 percent from $9.43 to $9.97.

The index also recorded increases in international airfares, national bus fares, and the purchase of cars. Belizeans also paid more for house rent, and butane, but less with respect to some foods and non-alcoholic beverages.

Dangriga experienced the highest inflation rate – 3.1 percent, while inflation in Orange Walk was actually down by 1.2 percent.

Inflation for the first six months of 2017 stood at 1.5 percent.

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