The annual inflation rate in Jamaica jumped to 6.2 percent in December 2019 from 4.6 percent in the previous month. It was the highest inflation in 5 years, as prices increased at a faster pace for food & non-alcoholic beverages (10.7 percent vs 8.5 percent in November), nudged mainly by a 41.1 percent surge in vegetable prices (vs 29.1 percent); health services (2.7 percent vs 2.5 percent); recreation & culture (3.1 percent vs 2.9 percent); clothing & footwear (2.6 percent vs 2.5 percent), and household textiles (3.0 percent vs 2.9 percent). Also, prices for communication remained climbing at a 7 percent rate and inflation for transport rebounded 0.9 percent after falling 0.7 percent. On a monthly basis, consumer prices climbed 0.5 percent after rising 1.3 percent in November. Inflation Rate in Jamaica averaged 8.79 percent from 2002 until 2019, 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.

Inflation Rate in Jamaica is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Jamaica to stand at 4.00 in 12 months time. In the long-term, the Jamaica Inflation Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.

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Jamaica Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.20 4.60 26.49 1.60 2002 - 2019 percent Monthly
2006=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 02:30 PM Inflation Rate YoY Sep 3.4% 4.1% 3.7%
2019-11-18 05:00 PM Inflation Rate YoY Oct 3.3% 3.4% 4.0%
2019-12-16 11:00 PM Inflation Rate YoY Nov 4.6% 3.3% 3.5%
2020-01-15 10:15 PM Inflation Rate YoY Dec 6.2% 4.6% 3.7%
2020-02-17 09:00 PM Inflation Rate YoY Jan 6.2% 5.8%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-16
Jamaica Inflation Rate Jumps to 6-Month High
The annual inflation rate in Jamaica climbed to 4.6 percent in November 2019 from 3.3 percent in the previous month. It was the highest inflation in 6 months, as prices increased at a faster pace for food & non-alcoholic beverages (8.5 percent vs 5.9 percent in October); restaurants & hotels (1.6 percent vs 1.3 percent); alcoholic beverages & tobacco (2.3 percent vs 2.2 percent); clothing & footwear (2.5 percent vs 2.4 percent), and household appliances (3.3 percent vs 3.1 percent). Meanwhile, inflation for communications stayed at 7 percent. In contrast, prices fell for transport (-0.7 percent vs -1.9 percent) and utilities (-1.3 percent vs -1.0 percent). On a monthly basis, consumer prices rose 1.3 percent, after a 0.6 percent climb in the prior month.

2019-11-19
Jamaica October Inflation Rate Falls to 8-Month Low
The annual inflation rate in Jamaica fell to 3.3 percent in October 2019 from 3.4 percent in the previous month. It was the lowest inflation rate in eight months, as prices eased for food & non-alcoholic beverages (5.9 percent vs 6.7 percent in September); restaurants & hotels (1.3 percent vs 1.6 percent); and alcoholic beverages & tobacco (2.2 percent vs 2.4 percent). Also, cost of transport dropped further (-1.9 percent vs -1.3 percent). Meanwhile, prices increased at a faster pace for miscellaneous goods & services (3 percent vs 2.8 percent); furnishings & household equipment (2 percent vs 1.9 percent); and recreation & culture (2.9 percent vs 2.7 percent). Additionally, cost of housing & utilities declined less (-1 percent vs -3.1 percent). On a monthly basis, consumer prices rose 0.6 percent, after a 0.4 percent gain in the prior month.

2019-11-18
Jamaica October Inflation Rate Slows to 8-Month Low
The annual inflation rate in Jamaica fell to 3.3 percent in October 2019 from 3.4 percent in the previous month. It was the lowest inflation rate in eight months, as prices eased for food & non-alcoholic beverages (5.9 percent vs 6.7 percent in September); restaurants & hotels (1.3 percent vs 1.6 percent); and alcoholic beverages & tobacco (2.2 percent vs 2.4 percent). Also, cost of transport declined further (-1.9 percent vs -1.3 percent). On the other hand, prices rose at a faster pace for miscellaneous goods & services (3 percent vs 2.8 percent); recreation & culture (2.9 percent vs 2.7 percent); and furnishings & household equipment (2 percent vs 1.9 percent). In addition, cost of housing & utilities dropped less (-1 percent vs -3.1 percent). On a monthly basis, consumer prices advanced 0.6 percent, after a 0.4 percent gain in the prior month.

2019-10-16
Jamaica September Inflation Rate Falls to 6-Month Low
The annual inflation rate in Jamaica fell to 3.4 percent in September 2019 from 4.1 percent in the previous month. It was the lowest inflation rate in six months, as prices slowed for food & non-alcoholic beverages (6.7 percent vs 7 percent in August); and clothing & footwear (2.4 percent vs 2.6 percent). Also, cost dropped for housing & utilities (-3.1 percent vs 1 percent); and transport (-1.3 percent vs a flat reading). Meanwhile, prices advanced further for miscellaneous goods & services (2.8 percent vs 2.7 percent); recreation & culture (2.7 percent vs 1.1 percent); and health (2.5 percent vs 2.4 percent). Additionally, inflation was steady for restaurants & hotels (at 1.6 percent); furnishings & household equipment (at 1.9 percent); and alcoholic beverages & tobacco (at 2.4 percent). On a monthly basis, consumer prices went up 0.4 percent, easing from a 0.8 percent gain in the prior month.

2019-09-18
Jamaica August Inflation Slows to 4-Month Low of 4.1%
The annual inflation rate in Jamaica declined to 4.1 percent in August of 2019 from 4.3 percent in the previous month. Prices eased for food & non-alcoholic beverages (7 percent vs 7.8 percent in July); furnishings & household equipment (1.9 percent vs 4.8 percent); and recreation & culture (1.1 percent vs 1.4 percent). In contrast, prices rose further for miscellaneous goods & services (2.7 percent vs 2.4 percent); restaurants & hotels (1.6 percent vs 1.5 percent); health (2.4 percent vs 1.5 percent); clothing & footwear (2.6 percent vs 2.3 percent); and alcoholic beverages & tobacco (2.4 percent vs 2.2 percent). Additionally, cost of housing & utilities rebounded (1 percent vs -0.7 percent); and transport prices were flat (vs -0.2 percent in July). On a monthly basis, consumer prices went up 0.8 percent following a 1.1 percent gain in the prior month.

2019-08-16
Jamaica Inflation Rate Edges Up to 4.3% in July
The annual inflation rate in Jamaica increased to 4.3 percent in July of 2019 from 4.2 percent in the previous month. Cost rose faster for food & non-alcoholic beverages (7.8 percent from 6.3 percent in June), namely vegetables (25.1 percent from 18 percent) and meat (3.4 percent from 3.2 percent); miscellaneous goods & services (2.4 percent from 2.3 percent) and alcoholic beverages & tobacco (2.2 percent from 2.1 percent). Meanwhile, inflation was steady for communication (at 0.1 percent); recreation & culture (at 1.4 percent) and education (at 4.2 percent). On the other hand, prices slowed for restaurant & hotels (1.5 percent from 1.7 percent); furniture & household goods (4.8 percent from 4.9 percent) and clothing & footwear (2.3 percent from 2.4 percent). On a monthly basis, consumer prices rose 1.1 percent, rebounding from a 0.1 percent fall in June.


Jamaica Inflation Rate
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.

Jamaica Prices Last Previous Highest Lowest Unit
Inflation Rate 6.20 4.60 26.49 1.60 percent [+]
Inflation Rate Mom 0.50 1.30 3.30 -1.00 percent [+]
Food Inflation 8.50 5.90 35.00 0.10 percent [+]
Cpi Housing Utilities 254.00 250.30 259.10 96.30 points [+]
Cpi Transportation 214.10 214.00 217.03 100.40 points [+]
Consumer Price Index Cpi 270.60 269.30 270.60 60.90 points [+]