Consumer Price Index
Data from the Statistical Institute of Belize’s most recent Consumer Price Index (CPI) survey showed that, for the month of September 2023, the overall national inflation rate for the month was 4.2 percent. The All-Items CPI, which summarizes price levels across all categories of consumer goods and services, stood at 116.7, up from 112 in September 2022. The year-to-date or cumulative inflation rate for the first nine months of 2023, stood at 4.5 percent.
Click the following link to read more: Consumer Price Index, September 2023
Merchandise Trade
During the month of September 2023, Belize’s imported goods were valued at $204 million, down by 9 percent or $20.2 million from the $224.2 million imported in September of 2022. Among the decreasing commodity categories, ‘Mineral Fuels and Lubricants’, ‘Chemical Products’ and ‘Commercial Free Zones’ declined most notably, while ‘Machinery and Transport Equipment’ and ‘Food and Live Animals’ saw the largest growth among the categories that increased during the month. Merchandise imports for the period January to September 2023 totaled $1.998 billion, representing an increase of 0.1 percent or $1.7 million from the same period last year, when imports totaled $1.996 billion.
Total domestic exports for the month of September 2023 amounted to $20.7 million, a decrease of 61.8 percent or $33.5 million when compared to exports for September 2022, which were valued at $54.2 million. Merchandise exports for the period January to September 2023 totaled $332.1 million, down 16.6 percent or $66.1 million from that same period last year, when total domestic exports were valued at $398.2 million.
Click the following link to read more: External Trade, September 2023
