Rising Cost of Living in Belize

And while Guatemala City has a high crime rate – Belize has a high cost of living. The statistical institute of Belize announced on Thursday, July 9th that the quarterly rate of inflation reduced by one tenth of one percent in the last quarter. If your wallet didn’t already tell you – that’s not good news. It dropped an encouraging one point six percent in the first quarter of the year. The marginal second quarter decline was due to a decrease in prices for food beverages and tobacco which fell by 3.7%. But transportation and fuel went up by 8.8%. (excerpts from 7News)