Today, the Statistical Institute of Belize published its latest statistics on the consumer price index and external trade for the country of Belize.
Consumer Price Index
Figures released by the Institute show that the All-Items Consumer Price Index for June 2018 stood at 105.0, an increase from 104.4 in June 2017. On average, during this month in 2018, the prices of goods and services regularly purchased by Belizean households were 0.6 percent higher than they were in the same month of 2017. For the first six months of the year 2018, the country saw a slight increase in consumer prices compared to the same period in 2017, recording a year to date inflation rate of 0.02 percent.
Click the following link to read more: Consumer Price Index, June 2018
Merchandise Trade
In June 2018, Belize imported goods valuing $170.8 million. This represented a 10.5 percent or $16.2 million increase from the same month last year. The principal cause of this overall increase for the month was a sizeable growth in the quantity of diesel fuel imported, coupled with significantly higher world market prices for fuels compared to June of 2017. Merchandise imports for the first six months of the year, January to June 2018, amounted to $923.1 million, representing a 3.2 percent or $28.9 million increase from the same period last year.
The total value of Belize’s domestic exports for the month of June 2018 was $35.9 million, down 7.3 percent or $2.8 million from the $38.7 million recorded for June 2017. Sugar exports saw the largest decline for the month of June. Despite a 17.2 percent boost in the volumes of that commodity exported, earnings from sugar fell by 16.1 percent, from $12.7 million in June 2017 to $10.7 million in June 2018, as the industry continues to be impacted by lower world market prices for bulk sugar. Merchandise exports for the period January to June 2018 totalled $226.5 million, down 18 percent or $49.8 million from the $276.3 million recorded for the same period last year.
Click the following link to read more: External Trade, June 2018
