The Statistical Institute of Belize has released its latest inflation and trade figures.
First, the SIB found that inflation for August was 0.9%, compared to 1.3% in July - which brings the rate for the first eight months of 2014 to 1.4 percent.
The SIB found that food prices actually fell in August in all categories except for Fish and Seafood.
Inflation in San Ignacio/Santa Elena was highest of any municipality at 1.7 percent, while the lowest figure was recorded in Corozal Town, where inflation was only 0.4 percent.
And, in August 2014, imports increased again $11 million dollars more than August of 2013. The SIB notes, though, that imports of 'Manufactured Goods', in particular cement, were down by over $3 million from last August. The value of goods going into the commercial free zones also declined by $1.6 million.
But exports were up, 20 million more than August of last year. That;s mostly due to Sugar exports which more than tripled to $34 million dollars and accounted for almost a half of total earnings for August.
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