Consumer Price Index is Up for June 2022

The Statistical Institute of Belize has published its Consumer Price Index for June 2022.  Results from the Statistical Institute of Belize’s most recent monthly Consumer Price Index survey showed that, for the month of June 2022, the All-Items C.P.I., which summarizes price levels across all categories of goods and services, stood at one hundred and ten point five, up from one hundred and three point five in June of 2021. This indicates that consumers experienced an overall national inflation rate1 of six point seven percent on those goods and services most typically purchased by Belizean households. This was mainly due to higher prices for motor vehicle, fuels, transportation services, food, liquefied petroleum gas, restaurant services, entrance fee to cinemas, and household cleaning products.  Among the country’s municipalities, Orange Walk Town experienced the highest rate of increase in consumer prices for June 2022, with an inflation rate of 9.6 percent. Consumers in this town saw above- average increases in prices for various food items, home rental costs, restaurant services, laundry products, soaps, detergents, women’s clothing, and men’s and women’s haircuts. On the other hand, the village of Independence recorded the lowest inflation rate at 5.1 percent, as consumers in this town saw lower than average increases in prices for food items and restaurant services.