The Consumer Price Index statistics show that for the month of September, the national inflation rate stood at 0.3%.
This was mainly the result of higher home rental and food costs being balanced out by substantially lower prices for fuel and LPG.
Food and Non-alcoholic Beverages rose by 1.8% overall, with fresh vegetables being a major driving force behind the prices.
The remaining categories of goods and services recorded an average decrease of 0.6 percent in September 2020 compared to the same month in 2019. This decline was driven mainly by lower prices in ‘Clothing and Footwear', which was down by 1.2 percent due to lower prices for both women's and men's clothing, and ‘Recreation and Culture', which saw a 1.5 percent decrease as a result of lower prices for audio-visual devices.
With an inflation rate of 0.6 percent, the City of Belmopan experienced the highest rate of increase in consumer prices for September 2020. Consumers in this municipality saw above average increases in prices for food, home rentals, and pharmaceutical products. On the other hand, Dangriga Town reported the only decline in consumer prices when compared to September 2019.
