Tag:
Cost of Living
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.
Business & Economy
SIB reports inflation rates increase; San Pedro feels it more
Figures released by SIB show that the All-Items Consumer Price Index for March 2019 stood at 104.8%, an increase of 0.3 % from 104.5% in March 2018. On average, during the month of Apirl in 2019, the prices of goods and services regularly purchased by Belizean households were 0.3% higher than they were in the same month of 2018.
Business & Economy
Fuel Prices go up for the third time this year; SIB reports the cost of living down
For the third time this year, fuel prices have gone up in the country. On Tuesday, April 24th, via an erroneous press release from the Belize Bureau of Standards, they misstated the level of increase reported, however, a correction was released later showing the increase on the prices of regular gasoline and diesel.
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.
Business & Economy
SIB report indicates the cost of living is on the rise
The Statistical Institute of Belize (SIB) released a report on August 30th, citing a rise in the cost of living for Belizeans.
Business & Economy
Consumer Prices Increase in March by 0.1%
On Wednesday, April 27th, the Statistical Institute of Belize released its latest figures on prices and external trade for the country.
