fbpx
King Sugar takes a break as exports fall sharply
April 25, 2019
Cycling Federation clarifies status of Justin and Corey Williams
April 25, 2019

Inflation ticks up slightly; higher food and fuel prices to blame

Posted: Thursday, April 25, 2019. 8:39 am CST.

By Aaron Humes: Belizeans are paying slightly more for basic goods and services compared to last year through the first quarter of 2019, according to the Statistical Institute of Belize (SIB).

The Institute measured inflation, known as the Consumer Price Index (CPI), at 0.3 percent for March and 0.1 percent in the first quarter.

Havoc with fuel prices caused an uptick of 0.9 percent, lower premium and regular fuel prices offset by increases for diesel and motor vehicle lubricants. Prices for servicing of vehicles and airfares are also up.

 Home rental costs are down, especially in Belmopan, Belize City, and Dangriga; but increases in electricity and gas prices offset this.

In the area of food, Belizeans are paying less for red kidney beans, ground beef, and chicken and limes, which were scarce at this time last year. But higher prices were recorded for sugar, eggs, some natural meats, milk, and vegetables.

Belizeans are also paying more for attending sporting events and secondary school, as well as health and life insurance premiums.

Among the municipalities, it’s a lot easier these days to live in Dangriga as the Culture Capital recorded a negative inflation rate of near six percent, but about a hundred miles south, prices in Punta Gorda rose more than three percent.

 The SIB tracks monthly statistics on consumer prices and inflation and twice a year on the employment rate.

 

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 501-612-0315.

 

© 2019, 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

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Belmopan Aggregates
  • Belmopan Aggregates