Posted: Wednesday, November 29, 2017. 4:28 pm CST.
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.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-601-0315.
© 2017, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.
Comments