January's Inflation was 6.6%

Inflation in January of 2023 was 6.6%. According to the Statistical Institute of Belize, this is owing primarily to rising food and fuel prices. Flour, eggs, vegetable oil, coconut milk and watermelons saw some of the steepest increases in prices.

And Belize continues to import at a record clip. Total imports for January 2023 were valued at $212.3 million. This was an increase of 11.4 percent or $21.8 million from imports of January 2022.

Exports also increased, up by 22 percent or $4.4 million from the $20 million recorded for January of 2022.