Belize’s economic landscape presented a mixed picture at the start of 2026, with the Statistical Institute of Belize reporting a near-flat national inflation rate of just 0.04% for January compared to the previous year. This marginal increase indicates remarkable stability in the overall cost of living, masking significant fluctuations across different consumer sectors.
While the aggregate numbers suggest price stability, Belizean households faced substantial increases in essential categories. The food sector experienced noticeable inflation, with fresh meats, bakery products, and beverages including coffee and juices all recording higher prices. Stewed pork demonstrated the most dramatic surge, escalating by nearly 18% year-over-year.
The housing and healthcare sectors similarly trended upward, with rental costs climbing and medical expenses becoming more burdensome. Surgical fees rose approximately 6%, while pharmaceutical products and physician services also saw increased pricing. Household energy costs climbed as well, with the standard 100-pound LPG cylinder reaching $130.63—representing a $5 increase from January 2025.
Substantial relief arrived at gasoline stations nationwide, where significant price reductions provided counterbalance to other inflationary pressures. Premium gasoline prices declined by $1.12 per gallon, regular gasoline dropped by $1.03, and diesel fuel decreased by $0.52 per gallon.
Regional analysis revealed considerable disparities across Belize’s districts. Punta Gorda recorded the highest inflation rate at 2.6%, driven by increased costs for food, liquefied petroleum gas, and personal items. Conversely, Orange Walk experienced deflation at -1.9%, benefiting from both reduced fuel prices and decreased costs for locally grown produce including tomatoes, carrots, and beans.
The period between December 2025 and January 2026 actually saw a 0.5% decrease in overall prices, primarily attributable to the declining fuel costs that helped stabilize the nation’s economic outlook.