And while exports were down, inflation was marginal - especially when compared to other countries in the region:
Jacqueline Sabal - Statistician II
"The inflation rate for the month of May 2018 stood at 0.3 percent, meaning that on average prices were 0.3 percent higher than they were in May 2017. Across all municipalities Orange Walk Town reported the highest positive increase at 1.8 percent while Dangriga reported the biggest decrease at negative 2.3 percent. Orange Walk Town's increase was mainly attributed to higher fuel and food costs while Dangriga's negative rate was due to lower rent cost. When we look at Belize compared to some of the other countries in the region, our inflation rate is 0.3 percent, Guatemala is at 4 percent, Honduras 3.9 percent, Nicaragua 5.3, Costa Rica is at 2, Jamaica at 3.1 and Dominican Republic at 4.5."
The was the Statistical Institute's quarterly press conference and it was held at the Central Bank Conference Room.
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