Inflation is on a Projected Incline for 2023

Inflation is on a Projected Incline for 2023

Over the past year, the price of basic necessities has soared. Products that were once considered “a poor man’s meal” have doubled in price, making even the cheapest of goods expensive to the average working person. And, there is no relief in sight as the Minister of Food Security, Jose Abelardo Mai, says world market projections indicate that prices will continue to go up.

Hon.Jose Abelardo Mai, Minister of Agriculture: “Well I’ve been doing some research on the forecast of cost of goods and the experts are saying that the price of goods in 2023 will continue to go up and it makes special reference to small developing countries like Belize in Central America also they will be affected the most so we need to take this into consideration. As a matter of fact I’ve been speaking to my Chief Agriculture Officer and I said I think I need to do more in terms of growing so much seedlings and just distributing the seedlings to people in rural areas or even urban areas who want to do it. We have to feed ourselves. We cannot depend on the US, or Europeans to feed us at that cost. In the past we used to do it, our parents used to raise our own little chickens in the backyard, used to grow vegetables so why can’t we do it anymore ? And the cost of goods, the price going up I think this is the right time for us to do that.”

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