Inflation Belize 1998
Average inflation: -0.8%
Current Inflation
There is deflation with consumer prices declining by 0.8%.
Peak and Trough
The highest inflation was in February at -0.4%. The lowest inflation was in August at -1.2%.
- Highest month
- February: -0.4%
- Lowest month
- August: -1.2%
- Difference
- 0.8 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 0.4%. The lowest price increase was in Food with an average of -1.5%.
- Highest increase
- Energy: 0.4%
- Lowest increase
- Food: -1.5%
Historical Context
Current inflation is 3.2% lower than the 5-year average of 2.4%.
- 5-year average
- 2.4%
- 10-year average
- 2.4%
- All-time high (1996)
- 6.4%
- All-time low (1998)
- -0.8%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +1.9 percentage point.
- Change vs. previous year
- -1.9 percentage points
- Largest monthly swing
- February: -5.3 percentage points
ECB Target
Inflation is 2.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| February | -0.4% | -5.3 |
| May | -0.9% | -1.3 |
| August | -1.2% | -0.8 |
| November | -0.9% | -0.4 |
| Average | -0.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.