Friday August 17 2018
Jamaica Inflation Rate at 3.20 percent
Consumer prices in Jamaica increased at a faster pace of 3.2 percent year-on-year in July 2018, following a 2.8 percent jump in the previous month. It was the highest inflation in the last four months, mainly explained by: utilities (8.0 percent vs 4.1 percent in June), household appliances (2.7 percent vs 1.9 percent), transport (3.5 percent vs 2.9 percent), restaurants & hotels (1.9 percent vs 1.8 percent), and recreation & culture (2.8 percent vs 2.7 percent). In contrast, prices rose at a slower pace for food & beverages (2.6 percent vs 2.9 percent) and liquor & tobacco (2.6 percent vs 2.9 percent). On a monthly basis, inflation jumped to 1.0 percent from 0.4 percent in the previous month.