Posted: Thursday, June 27, 2024. 1:54 pm CST.
By Zoila Palma Gonzalez: Data from the Statistical Institute of Belize (SIB) showed that for the month of May, higher food prices were notable.
The inflation rate for ‘Food and Non-Alcoholic Beverages’ stood at 6.5 percent for the month, largely due to higher prices for food items.
The cost of fresh vegetables rose by a whopping 17%.
Particularly the prices of tomatoes went from $2.66 to $3.20 per pound and cabbage from $1.57 to $2.62 per pound.
In addition, SIB data showed a price increase in meat products, such as beef, poultry, and cow foot (3.6 percent); dairy products, including powdered milks (5.4 percent); fruits such as avocados, apples, grapes, and watermelons (9.9percent); fish and other sea foods (15.6 percent); and sugar (8.6 percent).
Overall, consumer prices were up by 4% in May.
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