Inflation, consumer prices for Belize
FPCPITOTLZGBLZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.29
Year-over-Year Change
152.93%
Date Range
1/1/1981 - 1/1/2024
Summary
The 'Inflation, consumer prices for Belize' series measures the change in prices paid by consumers in Belize over time, providing a key indicator of the country's economic health and purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This inflation rate metric tracks the average change in the prices of a basket of consumer goods and services in Belize. It is a widely-used statistic that informs economic analysis, monetary policy decisions, and consumer behavior.
Methodology
The data is collected through surveys of prices across a representative sample of retail establishments and service providers in Belize.
Historical Context
Belize's inflation rate is closely monitored by the Central Bank of Belize and international institutions to assess the country's macroeconomic conditions.
Key Facts
- Belize's inflation rate was 2.1% in 2021.
- The Central Bank of Belize aims to maintain inflation between 1-3% annually.
- High inflation can erode consumer purchasing power and economic stability.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for Belize' series measures the change in the average prices paid by consumers for a basket of goods and services in Belize.
Q: Why is this trend relevant for users or analysts?
A: Belize's inflation rate is a key economic indicator that informs analysis of the country's macroeconomic conditions, monetary policy, and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices across a representative sample of retail establishments and service providers in Belize.
Q: How is this trend used in economic policy?
A: Belize's inflation rate is closely monitored by the Central Bank to assess economic conditions and inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The inflation data for Belize is published monthly with a short lag, providing timely insights into the country's price dynamics.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Belize (FPCPITOTLZGBLZ), retrieved from FRED.