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National inflation rate for 2021 confirmed at 3.2 percent; January 2022 prices rose 4.1 percent

Posted: Wednesday, February 23, 2022. 11:04 am CST.

By Aaron Humes: The Statistical Institute of Belize confirmed the national inflation rate for 2021 at 3.2 percent, with increases in food and fuel leading the way.

And there is no relief in sight as in January prices were measured at 4.1 percent higher than January 2021.

Transport prices rose more than 16 percent, led by a 27 percent increase in fuel costs.

Diesel is up nearly 20 percent and gasoline nearly 29 percent compared to last year. There were also rises in airfares and purchases of new vehicles.

Food prices in January rose 2.5 percent, led by meats, cooking oil, seafood, and some fruits and vegetables, though others saw price decreases.

Liquefied petroleum gas (LPG) rose 24 percent or more than 25 dollars but there were also increases in prices for materials and service maintenance.


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