Earlier this week, the governor of the Central Bank pointed out that while inflation continues to have an effect on Belizean families, the numbers are coming down. But, you may be feeling it in different ways because the impact of the inflation is mostly domestically generated. That means it's not imports that are driving up prices, but locally produced foodstuffs, especially fruits and vegetables:
Jose Mai, Minister of Agriculture
"Last year the same time, we had the inflation spike again. Remember that the same time, the weather patterns, not only in Belize, but even in Mexico. Excess rainfall has caused losses to the farmers, right?"
"So you have losses, you have less product, you have supply and control, it is supply and demand. And so the farmers, I got a call while ago that the farmers from San Carlos carrots are not looking good. So the farmer would have taken a thousand pounds, he'd taken 500 pounds.
"His costs gone up, he got losses. So the little carrots, he have that are good, he would try to get a better price for it. It's a natural reaction, right? But again, you heard the term climate change, over and over again, right? The soybean, we have about 50% of soybean loss right now. So the millers are quick to jump and say Minister gave us a permit so we import soybean, I said wait. But what the farmer got first."
"Obviously the farmer wants a little more now, because he has lost."
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