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Consumer Price Index records 0.2 percent inflation for April, 2019

The Statistical Institute of Belize has released the results of the country’s monthly Consumer Price Index (CPI) survey. For April, 2019, the CPI stood at 104.9 percent, which is an increase of 0.2 percent from 104.7 from April, 2018.  This means that on average, Belizean households experienced a marginal increase of 0.2 percent in the prices of regularly purchased goods and services in the month of April when compared to the same month last year. This is due to higher prices for some food items, electricity, recreation and educational services. But they were offset by lower home rental costs and prices of items such as furniture. The cumulative inflation rate for the first four months of 2019 stood at 0.1 percent when compared to that period in 2018.

In terms of specifics that affect people on a day to day, the inflation rate for Food and Non-Alcoholic Beverages stood at 0.4 percent; transport at 0.1 percent; the all other category stood at 0.7 percent increase and the only category to record a decrease ‘housing, water, electricity, gas and other fuels stood at a -0.7 percent.  The highest rate of Inflation for April, 2019 was in Punta Gordo which experienced a 3 percent increase in consumer prices. Dangriga faired off the best with a decrease of 5.8 percent. As we mentioned at the top of the story, overall the country experienced an increase of 0.2 percent.

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