Posted: Thursday, June 26, 2025. 1:57 pm CST.
By Zoila Palma: The latest data released by the Statistical Institute of Belize shows that consumer prices increased by 1.0% in May 2025, compared to the same month last year.
The uptick was largely fueled by higher prices in the ‘Food and Non-Alcoholic Beverages’ category, which recorded a 2.0% inflation rate.
Food prices rose by 0.9%, mainly due to increased costs for cereal products and fruits.
Bread and bakery goods were up by 2.5%, while fruit prices saw a significant jump of 7.8%, with notable increases in limes, oranges, and pineapples.
However, the price of vegetables declined overall, dropping by 4.7%.
This decrease was led by lower prices for items like tomatoes and cilantro.
Despite the general decline in vegetable prices, certain products bucked the trend:
- Lettuce rose from $3.58 to $4.62 per pound, marking a sharp 29.1% increase
- Okra climbed from $3.29 to $3.81 per pound, up 16.0%
- Broccoli or cauliflower went from $5.00 to $5.33 per pound, an increase of 6.5%
Meanwhile, the ‘Non-Alcoholic Beverages’ sub-category saw a substantial 8.2% rise year-over-year. The increase was driven by higher costs for:
- Fruit and vegetable juices (up 14%)
- Purified water in one-gallon and five-gallon containers (up 9%)
- Soft drinks (up 8.8%)
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The post Consumer Prices rise by 1.0% in May, driven by costlier beverages and select foods appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Thursday, June 26, 2025. 1:57 pm CST. By Zoila Palma: The latest data released by the Statistical Institute of Belize shows that consumer prices increased
The post Consumer Prices rise by 1.0% in May, driven by costlier beverages and select foods appeared first on Belize News and Opinion on www.breakingbelizenews.com.