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Goods & Services decreased by 0.6%

The Statistical Institute of Belize is reporting that the average Belizean household experienced an overall drop of 0.6 percent in the cost of regularly purchased goods and services.  For the first three months of 2018, the country saw a year-to-date inflation rate of negative 0.1 percent, when compared to the same three-month period last year. The Transport category recorded a five percent decrease for the month of March and this is attributed to a sharp decline in international airfares. Within the ‘Food and Non-Alcoholic Beverages’ category, the downward trend observed over most of the past year continued during the month of March with prices within this category falling by 0.4 percent on average. ‘Food’ prices were primarily responsible for the slight decline in this category, recording a 0.5 percent decrease during the month.  Home rental costs were up slightly by 0.2 percent. Liquefied Petroleum Gas (LPG) prices rose by almost 10 percent resulting in an overall increase of 0.5 percent within this category.