Belmopan- Rising fuel costs have had quite an impact on the development of the Consumer Price Index (CPI) in the country. While overall prices increased about 0.6% for the month of June, higher prices of especially fuels, let to a price increase of 4.5% in the Transport sector, according to figures from the Statistical Institute of Belize (SIB).
In the Fuel & Lubricant subsection, prices rose no less than 10.3%, compared to 2017. Gasoline increased 10.5% in price and the prices for diesel fuel went up as much as 20.6%.
Air transportation costs, which for the year had seen a decline until now, also rose 3.6% in comparison to June 2017.
On the other hand, food prices declined a bit in the month of July, with a decrease of 0.6%. Especially meats were cheaper in June 2018, but on the other hand food and vegetables became more than 12% more expensive compared to a year ago. The biggest jump in fruit prices could be seen in pineapples, which were a whopping 22% more expensive compared June 2017.