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Orange Walk Town recorded the highest inflation rate

The Statistical Institute of Belize released its latest figures for June which show an increase of point six percent in the price of goods and services. The All-items Consumer Price Index went up from 104.4 in June 2017 to 105.0 in June 2018.  The category that recorded the largest inflation rate was transport with a 4.5 percent increase, due to a significant rise in the price of fuel. Housing, water, electricity, gas, and other fuels also saw an increase of 0.3 percent which was due to a drop in the home rental costs by 0.4 percent; meanwhile, there was a 14.7 percent rise in prices for Liquefied Petroleum Gas. Food and non-alcoholic beverages continued to see a moderate reduction in June.  For two consecutive months,  Orange Walk Town saw the highest increase in consumer prices with an inflation rate of 2.2 percent. Meanwhile, Dangriga saw the lowest inflation rate with a 1.8 percent decrease.