Previous Thread
Next Thread
Print Thread
consumer price index #306254
10/23/08 04:11 PM
10/23/08 04:11 PM
Joined: May 2000
Posts: 6,951
San Pedro Town, Ambergris Caye...
Amanda Syme Offline OP

Amanda Syme  Offline OP
The Statistical Institute Releases the Latest Inflation Information
October 22, 2008 Final results of the latest consumer price index survey conducted by the Statistical Institute of Belize show that consumer prices rose by 9.6% between August 2007 and August 2008. This increase is the highest that has been recorded for any twelve-month period in the last 25 years, and appears to mirror the experience in Latin America and the Caribbean.
According to a recent report from the Economic Commission for Latin America and the Caribbean, in the twelve-month period ending in June of this year, consumer prices in eighteen Latin American countries rose by an average of 8.9%, mostly due to soaring food and oil prices. With the exception of El Salvador, all Central American countries recorded inflation rates between 10% and 23%. Preliminary estimates by the International Monetary Fund indicate that Jamaica and Barbados’ rates of inflation will more than double in 2008 to 20.2% and 9.0%, respectively. The rate of inflation in six of the other Caribbean countries is expected to vary between 7% and 14%.
Belize’s rate of inflation stated above was precipitated by price increases of average 17.9% and 9.1% in “food, beverage and tobacco” and “transportation and communication,” respectively. Within the “food, beverage and tobacco” group, there were substantial price increases for flour (65.5%), rice (54.9%), Red Kidney Beans (42.9%) and bread (34.6%). While the increases in fuel prices were not as pronounced, they were nonetheless considerable: diesel (44.8%), butane (20.6%) and gasoline (9.3%).

Among the other major categories of goods and services, clothing and footwear prices were virtually constant, dipping by 0.6% on average. The cost of medical care rose by 4.2%, almost matching the 4.6% increase in “rent, water, fuel and power” prices.
Based on data for the past three quarters of the year, all indications are that the average rate of inflation in Belize for 2008 will be around 7%.
For further information please contact the SIB Offices in your district, or visit our website at or email [email protected]

Re: consumer price index [Re: Amanda Syme] #306268
10/23/08 06:41 PM
10/23/08 06:41 PM
Joined: Aug 2008
Posts: 3,046
Peter Jones Offline
Peter Jones  Offline
Why did diesel rise by 44.8% when gasoline "only" rose by 9.3%?

Re: consumer price index [Re: Peter Jones] #306277
10/23/08 07:37 PM
10/23/08 07:37 PM
Joined: Oct 1999
Posts: 71,960
oregon, spr
Marty Offline

Marty  Offline
The price of chicken has decreased. The Poultry Association today announced that the wholesale price of chicken has dropped 6 cents - from $2.44 a pound to $2.38 a pound. The reduction is possible because the cost of imported protein inputs have decreased. The association says it is only right they pass on the decrease since they passed on the increase earlier this year.

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
San Pedro Fun Finder
Paradise Guy Event Calendar
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
1 registered members (bobcat bill), 55 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online4,377
Dec 15th, 2020 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1