Posted: Wednesday, September 20, 2023. 9:44 am CST.
By Zoila Palma Gonzalez: Data from the Statistical Institute of Belize (SIB) indicate that the prices of meat, milk and egg have increased by more than 10% when compared to last year.
The prices of whole chicken went from $3.03 per pound in 2022 to $3.21 per pound in July of this year and the price of chicken cuts went from $3.37 to $3.72.
The price of egg went from 36 cents for 1 to 40 cents for one and the price of milk increased from $3.15 to $3.91 per litre.
The SIB noted that overall, the ‘Food’ sub-category alone recorded an inflation rate of 13.8 percent for the month.
In addition, prices for cereal products, such as rice, flour, bread, and tortillas registered a 12.5% increase.
Vegetables and fruits were hiked by about 20% and the price of cooking oils saw a 16% increase.
Consumer prices, which began to increase sharply in the months following the start of the pandemic, have seen a gradual slowdown in the rate at which they have been rising since the beginning 2023.
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