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Turning back now to yesterday's press conference by the Statistical Institute of Belize, the inflation rate for all items from January to February 2024 was 4.1%. But, for food and non alcoholic beverages, it was a punishing 7.5%. The SIB noted the items which increased the most:
Melvin Perez, Statistician SIB
"The food subcategory alone was the main contributor in the category, increasing as prices rose across all type of food items such as cereal products, fresh fruits, vegetables, dairy products, meats and cooking oil. Looking at the table, we can see that most of the items which went up by almost more than 10%, specifically natural milk, evaporated milk powder, milk, orange, celery, cilantro, onion, green, corn, sweet potatoes, cassava, plantain, black beans and sugar."
"Nonetheless, there were lower prices recorded for some items, such as flour, lime, cucumber and sweet pepper."
Inflation was highest for restaurants and accommodation services.
