Inflation rates by country and year

-7.1%-2.5%2.1%6.6%11.2%
-7.1%-2.5%2.1%6.6%11.2%
198111.2%
20032.3%
20251.1%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate1.1%

Behind the curve

Turning points in Belize

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    Belize imports most of its food and fuel, so the 2007–08 global price surge fed into domestic prices.

    Central Bank of Belize
  2. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut tourism and activity, easing inflation.

    Central Bank of Belize
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices lifted Belizean inflation in 2022.

    Central Bank of Belize

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Belize?

The annual inflation rate in Belize was 1.1% in 2025, the most recent year in the World Bank dataset. That means prices rose 1.1% on average compared with the year before. Use the chart above to explore Belize's full inflation history from 1981 to 2025, and to compare it with any other country.

How inflation in Belize has changed

Inflation in Belize peaked at 11.2% in 1981 and reached its lowest point at -7.1% in 2006. Averaged across the 45 years of available data (1981–2025), the rate has been 2.4% per year.

Frequently asked questions about inflation in Belize

What is the current inflation rate in Belize?

The latest available annual figure is 1.1% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Belize's statistical office.

What was the highest inflation rate in Belize?

The highest annual inflation rate on record is 11.2%, reached in 1981.

What was the lowest inflation rate in Belize?

The lowest annual inflation rate on record is -7.1%, recorded in 2006.

Where does the inflation data for Belize come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.