Inflation Belize 2021
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in November at 5.7%. The lowest inflation was in January at 1.0%.
- Highest month
- November: 5.7%
- Lowest month
- January: 1.0%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.8%. The lowest price increase was in Energy with an average of 1.8%.
- Highest increase
- Food: 4.8%
- Lowest increase
- Energy: 1.8%
Historical Context
Current inflation is 2.2% higher than the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 0.8%
- All-time high (2008)
- 6.4%
- All-time low (2009)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.1 percentage point.
- Change vs. previous year
- +3.1 percentage points
- Largest monthly swing
- October: +5.7 percentage points
ECB Target
Inflation is 1.2% 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 €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 1.0% | +0.8 |
| February | 1.3% | +0.9 |
| March | 1.5% | +1.3 |
| April | 2.5% | +2.5 |
| May | 2.8% | +2.8 |
| June | 3.0% | +2.8 |
| July | 3.3% | +3.1 |
| August | 3.9% | +3.8 |
| September | 3.8% | +3.5 |
| October | 5.2% | +5.7 |
| November | 5.7% | +5.6 |
| December | 4.9% | +4.5 |
| Average | 3.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.