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Cost of living in Belize up for 10 straight months

Posted: Wednesday, November 29, 2017. 4:28 pm CST.

By BBN Staff: Belizeans have had to endure increased cost of living for ten straight months, according to the latest data released by the Statistical Institute of Belize (SIB).


The SIB issued its Consumer Price Index today, showing that the households paid an average of 1.2 percent more for goods and services than they did last year.


The CPI for October 2017, showed that the average cost of goods and services were up by 0.9 percent for that month, attributed largely to the constant increases in the prices of fuel. The data showed that the Transport Index had increased by 7.8 percent when compared to last year due to the price of gasoline, which has since increased since the data had been compiled.


The ‘Housing, Water, Electricity, Gas and Other Fuels’ category showed a 0.9 percent increase, because home rental prices went up along with the price for a 100 lb cylinder of butane, which increased from $86.61 in October 2016 to $99.51 in October 2017.


Food items managed to see a 0.8 decrease in prices due to price drops for various items including ground beef, beef steak, pig tail, and whole chicken, along with other food items such as eggs and milk.


By municipality, Dangriga had the highest rate of inflation in the country at 2.4 percent, while Orange Walk Town had the lowest at -0.3 percent.


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