The annual inflation in Jamaica eased to 2.4 percent in December 2018 from 4.1 percent in the previous month, hitting its lowest level in two years. The sharp downturn was mainly explained by a drop in inflation for utilities (4.7 percent vs 7.4 percent), food & beverages (2.3 percent vs 4.7 percent), transport (1.0 percent vs 2.7 percent), and clothing (2.1 percent vs 2.6 percent). In contrast, inflation for liquor & tobacco edged up to 1.4 percent from 1.3 percent. On a monthly basis, consumer prices fell 1.0 percent after remaining unchanged in the previous month. Inflation Rate in Jamaica averaged 9.08 percent from 2002 until 2018, 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 4.40 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 4.80 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.

Jamaica Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-18 10:00 PM Inflation Rate YoY 4.3% 3.9% 4.2%
2018-11-21 12:00 AM Inflation Rate YoY 4.7% 4.3% 4.0%
2018-12-18 12:30 AM Inflation Rate YoY 4.1% 4.7% 4.3%
2019-01-15 10:15 PM Inflation Rate YoY 2.4% 4.1% 3.6%
2019-02-15 10:30 PM Inflation Rate YoY 2.4%
2019-03-15 10:00 PM Inflation Rate YoY
2019-04-15 08:30 PM Inflation Rate YoY 4.4%


Jamaica Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 4.10 26.49 1.60 percent [+]
Inflation Rate Mom -1.00 0.00 3.30 -1.00 percent [+]
Food Inflation 2.30 4.70 35.00 0.10 percent [+]
Cpi Housing Utilities 250.20 253.60 259.10 96.30 Index Points [+]
Cpi Transportation 212.20 215.50 217.03 100.40 Index Points [+]
Consumer Price Index Cpi 254.70 257.40 257.43 60.90 Index Points [+]


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. 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 4.10 26.49 1.60 2002 - 2018 percent Monthly
2006=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


Related

Latest