Inflation Belize 2024
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.4%. The lowest inflation was in November at 2.0%.
- Highest month
- January: 4.4%
- Lowest month
- November: 2.0%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 1.9%
- All-time high (2008)
- 6.4%
- All-time low (2009)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- February: -2.6 percentage points
ECB Target
Inflation is 1.3% 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 €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 4.4% | -2.2 |
| February | 3.9% | -2.6 |
| March | 3.4% | -2.5 |
| April | 3.9% | -0.5 |
| May | 4.0% | +0.3 |
| June | 3.8% | +0.5 |
| July | 3.8% | +1.0 |
| August | 3.2% | -0.2 |
| September | 2.6% | -1.6 |
| October | 2.1% | -2.3 |
| November | 2.0% | -2.2 |
| December | 2.6% | -1.1 |
| Average | 3.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.