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Inflation Up By 3% As A Result Of Higher Food Prices
posted (September 25, 2024)
And, apart from crime, one of the major societal worries is the ever increasing cost off living.

Today the Statistical Institute of Belize held its quarterly; y press conference where they presented August's inflation figures which was sent up by more expensive food and non alcoholic beverages:

Melvin Perez, Statistician II
"The cumulative inflation rate for the first eight months of the year 2024 compared to the same period of the year 2023 stood at 3.8%. So now looking at the measure categories affecting the cumulative inflation rate of 3.8%."

"First we had the food and non-alcoholic beverages category increasing by 6.1%. Now I must mention that this category contributed the most to the overall increase. And this was mainly due to increases in vegetables, dairy products, meats, cereal products, fruits, sugar, fish and other food items."

"Now looking at the average price of selected food items, we can observe that several of the items went up by almost 20% specifically grapefruit, grapes, cabbage, okras, black beans, red kidney beans and sugar."

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