Belmopan- Figures from the Statistical Institute of Belize (SIB) shows that the overall Consumer Price Index (CPI) in the month of September 2018 stood at 105.4; a 1% increase compared to September 2017.
The variation in CPI per region is however considerable. According to SIB, the twin town of San Ignacio/Santa Elena shows the highest level of price inflation, namely 2.9%. The higher rate of inflation in this region, according to SIB, is mainly due to higher rents in the area.
Dangriga Town on the other hand registered the lowest rate of inflation, with prices actually decreasing 0.6% in the month of September 2018.
The single item which shows the biggest price increase in 2018 for now are pineapples which went up by over 21% compared to a year earlier, while sweet pepper went down by nearly 22% compared to a year ago.
Leave a Reply