Posted: Wednesday, October 31, 2018. 7:22 pm CST.
By BBN Staff: During the month of September, Belizeans paid an average of $1 more for goods and services when compared to September 2017, according to the latest Consumer Price Index (CPI) released by the Statistical Institute of Belize (SIB).
The information, released today, monitors price changes for a set number and type of items which forms the SIB’s CPI basket. The data showed that only the “Food and Non-Alcoholic Beverages” category saw a decrease in prices, falling by a marginal 0.4 percent.
The Transport sector had the highest increase, 1.7 Percent, due largely to the escalating prices of gasoline in Belize. International airfares were also up during the month. Housing, Water, Electricity, Gas, and Other Fuels was next, going up by 1.5 percent, driven up mostly by increases in the cost of butane, electricity, and to a lesser extent, home rental costs.
The “All other Goods” category was also up by 1 percent. Measuring inflation by municipality, San Ignacio//Santa Elena, Punta Gorda and Orange Walk had the highest inflation rates, going up by 2.9, 1.6 and 1.5 percent respectively.
© 2018, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.