7 News Belize

Stats Say Inflation Stable
posted (December 22, 2014)
The Statistical Institute of Belize reports that in November there was a steep increase in imports - from $143.5 million to $183.3 million. That's a 27% increase compared to November 2013. What bumped up that import figure is the increase in purchase of motor vehicles. Exports reported a decline of 30% - from $45.5 million to $31.7 million for the month. Sale of Marine products such as shrimp and conch declined by $6 million, sale of orange concentrate suffered a major decrease of $3.7 million - from $5.7 million last November to $1.9 million this month. However, there is some hope in the sale of bananas and sugar - sale of these products rose by $1.1 million and .7 (point-7) million respectively.

And while imports were up, inflation was stable. The consumer price index stood at 103.8 in November 2014, up only 0.2 percent from in the same month last year. Lower prices for Transport and food items were the main factors holding inflation down, offsetting increases in rent, insurance and medical services.

The lower price of fuel drove airfares down by 17 percent compared to twelve months ago. Food prices were down by 1.2 percent on average.



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