Average inflation measured by CPI reached 1.78 % in 2020 in Belize, according to the National Statistical Office. This is 4.56 % less than in the previous year.
Historically, average inflation measured by CPI in Belize reached an all time high of 11.2 % in 1981 and an all time low of -1.21 % in 1999. When compared to Belize's main peers, average inflation measured by CPI in Guatemala amounted to 3.90 %, 4.00 % in Honduras, 3.01 % in Mexico and 2.30 % in USA in 2020.
Belize has been ranked 158th within the group of 173 countries we follow in terms of average inflation measured by CPI, 150 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.