Inflation Belize 2022
Average inflation: 6.3%
Current Inflation
Inflation is very high at 6.3%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 7.4%. The lowest inflation was in January at 4.1%.
- Highest month
- August: 7.4%
- Lowest month
- January: 4.1%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.3%. The lowest price increase was in Energy with an average of 2.9%.
- Highest increase
- Food: 6.3%
- Lowest increase
- Energy: 2.9%
Historical Context
Current inflation is 4.3% higher than the 5-year average of 2.0%. This approaches the highest level since records began (6.4% in 2008).
- 5-year average
- 2%
- 10-year average
- 1.3%
- All-time high (2008)
- 6.4%
- All-time low (2009)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.1 percentage point.
- Change vs. previous year
- +3.1 percentage points
- Largest monthly swing
- March: +4.2 percentage points
ECB Target
Inflation is 4.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.1% | +3.1 |
| February | 4.5% | +3.2 |
| March | 5.7% | +4.2 |
| April | 5.8% | +3.3 |
| May | 6.6% | +3.8 |
| June | 6.7% | +3.7 |
| July | 7.3% | +4.0 |
| August | 7.4% | +3.5 |
| September | 7.1% | +3.3 |
| October | 6.7% | +1.5 |
| November | 6.5% | +0.8 |
| December | 6.7% | +1.8 |
| Average | 6.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.