Thursday, February 6, 2025
Tag:

Inflation

SIB’s April report shows decline in exports and increase in consumer prices

The April report from the Statistical Institute of Belize (SIB) notes that domestic exports declined by 13.6%, or $6.2 million, compared to the same period last year. According to the report, the sugar and banana products reflected the decrease in exports. In comparison, consumer prices rose by 5.8%. The areas/services affected included vehicle fuels, food, and Liquefied Petroleum Gas (LPG).

Government proposes $1.3 billion budget; awaits Senate approval

The proposed 2022-2023 Government of Belize (GOB) budget of  $1.361 billion will now be debated in the Senate before the governor general, Froyla Tzalam, issues her consent. On March 24th and 25th, it was debated in the House of Representatives, where the Leader of the Opposition, Honourable Moses 'Shyne' Barrow, criticized it and Prime Minister Honourable John Briceño disagreed.

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.

SIB’s February report showing negative economic growth: inflation is up, exports and imports down

The latest SIB economic statistics shows that the country’s imports and exports earnings fell sharply.