Inflation Belize 2004
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 3.4%. The lowest inflation was in February at 2.6%.
- Highest month
- August: 3.4%
- Lowest month
- February: 2.6%
- Difference
- 0.8 percentage points
- Months with data
- 4 of 12
Category Insights
The highest price increase was in Energy with an average of 5.2%. The lowest price increase was in Food with an average of 1.6%.
- Highest increase
- Energy: 5.2%
- Lowest increase
- Food: 1.6%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 1.8%
- All-time high (1996)
- 6.4%
- All-time low (1999)
- -1.2%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (+0.5 percentage point).
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- August: +1.1 percentage points
ECB Target
Inflation is 1.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| February | 2.6% | -1.0 |
| May | 3.2% | +1.0 |
| August | 3.4% | +1.1 |
| November | 3.0% | +0.7 |
| Average | 3.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.