According to the Statistical Institute of Belize – the inflation rate in January of 2015 was down 1.1% from one year ago. This is owing to a sharp downturn in fuel prices – which also drove down the price of international airfares.

And while the price of beef, pork, fish, seafood and potatoes were up Red Kidney beans, eggs, sweet peppers, tomatoes, cabbage, and watermelon were down – leading to an overall 2.4% decrease in food prices.

Looking at the map, Punta Gorda was the only municipality to record an increase in consumer prices for the month, and that was a marginal 0.3 percent, while Belmopan had the greatest decrease, with an inflation rate of minues 1.8 percent.