Consumer Price Index
Results from the Statistical Institute of Belize’s monthly Consumer Price Index (CPI) survey showed that, for July 2023, the All-Items CPI, which summarizes price levels across all categories of consumer goods and services, stood at 114.6, up from 111.5 in July 2022. The overall national inflation rate for the month was 2.8 percent, the lowest recorded since May 2021. Consumer prices, which began to increase sharply in the months following the pandemic’s start, have seen a gradual slowdown in the rate at which they have been rising since the beginning of this year. The year-to-date inflation rate for the first seven months of 2023, compared to the same period in 2022, was 4.7 percent.
Click the following link to read more: Consumer Price Index, July 2023
Merchandise Trade
Belize’s total imports for July 2023 were valued at $226.9 million. This was an increase of 6.9 percent or $14.7 million from imports for July 2022, which totaled $212.2 million. Merchandise imports for the first seven months, January to July of 2023, amounted to $1.519 billion. This represented a 1.5 percent or $22.8 million decrease from last year when total imports were valued at $1.542 billion.
Total domestic exports for July 2023 amounted to $29.4 million, down by 31.2 percent or $13.3 million when compared to exports for July 2022, which were valued at $42.8 million. Merchandise exports for the period January to July 2023 totaled $239.9 million, down 22.3 percent or $68.9 million from the same period last year when exports were valued at $308.8 million.
Click the following link to read more: External Trade, July 2023
