For July 2022, the All-Items Consumer Price Index (CPI), which summarizes price levels for all consumer goods and services categories, stood at 111.5, up from a CPI of 103.9 recorded for July 2021. This indicates that the country experienced an overall national inflation rate of 7.3 percent on the cost of goods and services regularly purchased by Belizean households. This considerable overall increase in consumer prices was driven by rising prices across almost all CPI categories, most notably ‘Mineral Fuels and Lubricants’ and ‘Food and Non-Alcoholic Beverages’.
Click the following link to read more: Consumer Price Index, July 2022
Merchandise Trade
Belize’s total imports for July 2022 were valued at $211.9 million. This was a significant increase of 23.5 percent or $40.3 million from imports for July 2021, which totaled $171.6 million. Merchandise imports for the first seven months of the year, January to July 2022, amounted to $1.538 billion, representing a 37.2 percent or $416.6 million increase from last year when total imports were valued at $1.121 billion.
Total domestic exports for July 2022 amounted to $42.6 million, up by 31.1 percent or $10.1 million compared to the $32.5 million exported in July 2021, as several of the country’s major exports benefited from improved prices on the world market. Merchandise exports for the period January to July 2022 totaled $294.4 million, up 26.7 percent or $62 million from the same period last year, when exports totaled $232.4 million.
Click the following link to read more: External Trade, July 2022
