Consumer Price Index up 0.2%, imports down 38.4% and domestic exports up 41.1% in June 2020

Consumer Price Index

The Statistical Institute of Belize’s latest figures on consumer prices showed that, for the month of June 2020, the national inflation rate stood at 0.2 percent. The All-Items Consumer Price Index (CPI) increased marginally from 105.1 in June 2019 to 105.3 in June 2020. This minimal overall change in comparison to June of 2019 was the net effect of rising costs for home rentals and various food items being counteracted by considerable reductions in prices for fuel and Liquefied Petroleum Gas (LPG). The first six months of 2020 saw a year-to-date inflation of 0.2 percent, when compared to the same period last year.

Click the following link to read more: Consumer Price Index, June 2020

Merchandise Trade

In June 2020, Belize imported goods valuing $103.7 million. This represented a dramatic decrease of 38.4 percent or $64.8 million from the same month last year. Merchandise imports for the first six months of this year, January to June 2020, amounted to $793.7 million, representing a 15.6 percent or $146.6 million decrease from the same period last year.

Total domestic exports for the month of June 2020 amounted to $42.1 million, up considerably by 41.1 percent or $12.3 million from the $29.8 million recorded for June of 2019. Merchandise exports for the period January to June 2020 totaled $191.4 million, down 7.8 percent or $16.1 million, from that same period last year.

Click the following link to read more: External Trade, June 2020