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. Inflation Rate in Jamaica averaged 8.85 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 4.50 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 4.40 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
Calendar GMT Actual Previous Consensus TEForecast
2019-07-16 03:00 PM Inflation Rate YoY Jun 4.2% 4.8% 4.7%
2019-08-16 10:00 PM Inflation Rate YoY Jul 4.3% 4.2% 4.1%
2019-09-18 10:15 PM Inflation Rate YoY Aug 4.1% 4.3% 4%
2019-10-16 02:30 PM Inflation Rate YoY Sep 3.4% 4.1% 3.7%
2019-11-21 12:00 AM Inflation Rate YoY Oct 3.4% 4.0%
2019-12-13 06:00 PM Inflation Rate YoY Nov 4.3%


Jamaica Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 4.10 26.49 1.60 percent [+]
Inflation Rate Mom 0.40 0.80 3.30 -1.00 percent [+]
Food Inflation 6.70 7.00 35.00 0.10 percent [+]
Cpi Housing Utilities 251.00 250.30 259.10 96.30 Index Points [+]
Cpi Transportation 213.00 215.20 217.03 100.40 Index Points [+]
Consumer Price Index Cpi 264.20 263.10 264.20 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 4.10 26.49 1.60 2002 - 2019 percent Monthly
2006=100




Country Last Previous
Argentina 53.50 Sep/19 53.6
Australia 1.70 Sep/19 1.6
Brazil 2.54 Oct/19 2.89
Canada 1.90 Sep/19 1.9
China 3.80 Oct/19 3
Euro Area 0.70 Oct/19 0.8
France 0.80 Oct/19 0.9
Germany 1.10 Oct/19 1.2
India 4.62 Oct/19 3.99
Indonesia 3.13 Oct/19 3.39
Italy 0.30 Oct/19 0.3
Japan 0.20 Sep/19 0.3
Mexico 3.02 Oct/19 3
Netherlands 2.70 Oct/19 2.6
Russia 3.80 Oct/19 4
Saudi Arabia -0.70 Sep/19 -1.1
Singapore 0.50 Sep/19 0.5
South Africa 4.10 Sep/19 4.3
South Korea 0.00 Oct/19 -0.4
Spain 0.10 Oct/19 0.1
Switzerland -0.30 Oct/19 0.1
Turkey 8.55 Oct/19 9.26
United Kingdom 1.50 Oct/19 1.7
United States 1.80 Oct/19 1.7


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