Belize concluded 2025 with persistent inflationary pressures as escalating housing and medical expenses drove a 0.3% year-over-year consumer price increase in December, according to the Statistical Institute of Belize. The latest economic data reveals concerning trends for household budgets despite some relief in transportation and food categories.
Key inflationary drivers included substantial hikes in rental accommodation costs and medical services. The liquefied petroleum gas market witnessed significant pressure, with standard 100-pound cylinders rising by $4.43 to reach $129.76. Healthcare services registered across-the-board increases, encompassing both professional consultation fees and pharmaceutical products.
The hospitality sector contributed to inflationary trends with marked increases in restaurant pricing and accommodation services. These upward movements were partially mitigated by declining transportation costs, primarily attributable to reduced fuel prices throughout the closing month of 2025.
Contrary to broader trends, the food category demonstrated modest deflation with notable price reductions in vegetable products including tomatoes, cucumbers, and carrots. Regional analysis revealed substantial disparities in inflation rates across municipalities, with San Pedro Town experiencing the highest inflation at 1.4% while Independence Village recorded deflation at -0.4%.
The cumulative annual inflation rate for 2025 reached 1.1%, reflecting sustained financial pressure on Belizean households despite some category-specific relief. Economic analysts emphasize that the persistent elevation of essential service costs continues to strain family budgets even as certain commodity markets show signs of stabilization.