Tag:
Cost of Living
Business & Economy
Fuel Prices Drop in Belize, but Cost of Living in San Pedro Remains High
Fuel prices in Belize have decreased over the past few weeks, with prices on the mainland dipping below $11 per gallon. In San Pedro Town, Ambergris Caye, prices for diesel and gasoline, the main types of fuel consumed, have also decreased compared to previous years. The price for diesel per gallon is currently $12.07, while regular gasoline is $11.50.
Business & Economy
Inflation Rates in Belize Remain Unstable
Inflation in Belize has continued to fluctuate over recent months, dipping to 0.4% nationally in November 2025 from 0.9% in October. Areas within the country’s productive zones, including San Pedro Town on Ambergris Caye, continue to record higher inflation levels, registering rates above 3% during the first eight months of 2025.
Business & Economy
Prices Edge Up, Confidence Slips as Belizeans Feel the Squeeze
On November 26th, the Statistical Institute of Belize (SIB) released its October 2025 Consumer Price Index (CPI) and Consumer Confidence Index (CCI), showing modest inflation alongside slightly weaker household sentiment nationwide. The all-items CPI reached 120.7, up from 119.7 a year earlier, while the CCI stood at 45.2, below the neutral 50 mark and down from 45.7 in September. The data cover all six districts, including San Pedro, which saw a 2.1% inflation rate, and provide a snapshot of how Belizean households are experiencing current economic conditions.
Business & Economy
San Pedro Records Highest Inflation in Belize in July 2025
San Pedro Town recorded the sharpest rise in consumer prices for July 2025, with an inflation rate of 3.1% compared to July last year. According to the Statistical Institute of Belize (SIB), the island community has experienced a continuous increase in inflation throughout 2025, outpacing the national average of 1.2%.
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.
Community and Society
Island residents concerned about rising home rental prices as San Pedro continues to grow
The cost of living in San Pedro Town, Ambergris Caye, has always been higher than in other parts of Belize. As one of the fastest growing municipalities, many people from off the island come to work here and usually look for affordable homes to rent in the outskirts of downtown San Pedro. In the past, these areas lacked essential infrastructure, but now there are planned projects to upgrade them with more services and amenities; conversely, rent for housing is expected to increase as the market becomes more robust and the demand for housing increases. This is causing concern among lower-income residents, especially as there is no known policy in Belize to regulate rental costs.
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
Government plans on addressing inflation affecting Belizeans
The continued increase in the price of goods and services is taking a toll across Belize. In areas like San Pedro, Ambergris Caye, where the cost of living is higher, the situation is more alarming. Island residents report that prices for basic food items increase weekly, adding to the struggle to survive. While inflation has become a worldwide issue, the Government of Belize (GOB) has discussed the matter and, on Thursday, March 30th, announced several measures to address the concerning problem.