The inflation rate in Jamaica was recorded at 2.6 percent year-on-year in January following a 1.7 percent increase in December of 2016. On a monthly basis, total inflation increased 0.4 percent (compared to +0.3 percent in December). Housing, Water, Electricity, Gas and Other Fuels” rose 2.3 percent month-on-month due primarily to increased electricity. The Food and Non-Alcoholic Beverages division, which comprises 37.4 percent of the index’s total weight, increased 0.2 percent. Transport was the only division declining in January (-0.1 percent). Inflation Rate in Jamaica averaged 9.71 percent from 2002 until 2017, reaching an all time high of 26.49 percent in August of 2008 and a record low of 1.60 percent in November of 2016.
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In Jamaica, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (37.4 percent of total weight). Housing and Utilities accounts for 12.8 percent; Transport for 12.8 percent; Miscellaneous Goods and Services for 8.4 percent; Restaurants and Hotels for 6.2 percent and Furniture, Household Goods and Maintenance for 4.9 percent. Communication ; Recreation and Culture; Clothing and Footwear; Clothing and Footwear; Education and Alcoholic beverages and Tobacco account for the remaining 17.5 percent of total weight. This page provides – Jamaica Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Inflation Rate – actual data, historical chart and calendar of releases – was last updated on February of 2017.