Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index for November 2018 stood at 105.13, a decrease of 0.02 percent from 105.15 in November 2017. On average, during this month in 2018, the prices of goods and services regularly purchased by Belizean households were 0.02 percent lower than they were in the same month of 2017. For the first eleven months of the year 2018, a year-to-date inflation rate of 0.3 percent was recorded.
Click the following link to read more: Consumer Price Index, November 2018
Merchandise Trade
In November 2018, Belize imported goods valuing $165.6 million. This represented a 7.2 percent or $11.1 million increase from the same month last year. A substantial growth in the ‘Mineral Fuels and Lubricants’ category was the primary contributor to increased imports for the month. That category rose sharply by almost 66 percent, from $13.1 million in November 2017 to $21.7 million in November 2018. Merchandise imports for the first eleven months, January to November 2018, amounted to $1.8 billion, representing a 5.9 percent or $98.1 million increase from the same period last year.
The total value of Belize’s domestic exports for the month of November 2018 was $21.3 million, up 26.2 percent from the $16.9 million recorded for November 2017. Greater export revenues from both sugar and bananas was the main driver of this growth in imports for the month. Having had only negligible sales in November of last year, earnings from sugar rose sharply by just under $2 million to $2.1 million in November of this year, while exports of bananas rose from a little over $5 million to $6.1 million compared to November of 2017. Merchandise exports for the period January to November 2018 totalled $376.5 million, down 12.4 percent or $53.4 million from the same period last year.
Click the following link to read more: External Trade, November 2018
