Tag:
Consumer Price Index
Business & Economy
SIB reports a decrease in imports and an increase in exports
In a recent economic update, the Statistical Institute of Belize (SIB) reported a significant decrease in imports, accompanied by an increase in exports, for the first two months of 2025. As of February 2025, Belize's imports decreased by 7.8%, totaling $461 million compared to $499.8 million during the same period last year. In contrast, exports increased by 7.7%, reaching $40.4 million, up from $37.5 million in the first quarter of 2024. This shift reflects a positive trend in Belize's trade balance, which could strengthen the country's economic resilience.
Business & Economy
SIB Reports Consumer Confidence Index Up by 5.2%
The Statistical Institute of Belize (SIB) reported a significant increase in the Consumer Confidence Index (CCI) for January 2025, which rose by 5.2% compared to December 2024. This improvement brought the CCI to 50.5%, indicating a shift in optimism about the economy and personal financial prospects for the first time since the SIB began tracking this indicator.
Business & Economy
SIB reports that the consumer price increased by 2.6% in December 2024
Belize has experienced a significant increase in consumer prices, with a rise of 2.6% reported in the final quarter of 2024. This information comes from the latest report released by the Statistical Institute of Belize (SIB) on January 30, 2025. Rising costs in essential categories such as food and housing primarily drove the increase in the inflation rate.
Business & Economy
SIB releases mid-year consumer report: National Inflation rate up by 3.8%
The Statistical Institute of Belize (SIB) released its mid-year Consumer Price Index (CPI) report for July on August 28th, 2024. The report revealed that the CPI, which summarizes price levels across all consumer goods and services categories, rose to 118.9 from 114.6 in July 2023, resulting in a national inflation rate of 3.8%.
Business & Economy
Cost of living still high; basic food items affected
The cost of living continues to be a dilemma for many Belizeans as prices for basic goods have increased nationwide. According to the Statistical Institute of Belize (SIB), consumer prices for April were 3.9% compared to last year. Basic staples such as a 16-ounce loaf of bread recently experienced a 20% increase. In San Pedro Town, Ambergris Caye, the price of bread sold in packs of 17 and 22 ounces remains unchanged; however, other food items have slightly increased due to the cost of transporting goods to the island.
Business & Economy
SIB says Belize’s economy grew by 3.2% in 2023; imports continue increasing
The Statistical Institute of Belize (SIB) reported on March 28th that the country’s economy grew by 3.2% in the fourth quarter of 2023. The report also showed an incidence of multidimensional poverty down to 10.1% in September of that same year. However, there was an increase in consumer prices and imports during the same period.
Business & Economy
SIB reports a 5.2% economy growth in the first quarter of 2019
On Wednesday, June 26th the Statistical Institute of Belize (SIB) released their latest figures in the consumer price index, external trade, 1st quarter 2019 gross domestic product, and the preliminary results for the April round of the 2019 Labor Force Survey.
Community and Society
Cost of living continues rising in Belize according to SIB’s latest report
According to the SIB, for the month of November 2017, goods regularly purchased by Belizeans households were 0.9% higher than they were last year for the same month.
