The Statistical Institute of Belize has released its latest inflation and trade figures. According to the latest statistics for the Consumer Price index, the national inflation rate for the month of October reflects that of last month and stands unchanged at 0.7%. A release from the SIB reveals that the consumer price index rose slightly in comparison to last October from 102.9 to 103.6.
For the first ten months, the average inflation rate remains at 1.3 percent. This month the prices for food items such as eggs, pasta and bread went down by an average of 1.2 percent. And while home rental prices remain high particularly in Orange Walk Town and San Ignacio for October, the transport index, one of the primary drivers of the Consumer Price Index, rose marginally by 0.5 percent. This resulted as higher fees for driver’s license across municipalities were virtually offset by a 10 percent drop in price per gallon of diesel.
Of note is that, San Ignacio/Santa Elena recorded the highest inflation rate for October at 1.6percent, while Corozal Town recorded the lowest at 0.1percent.
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