Cost of food in Jamaica increased 5.60 percent in October of 2018 over the same month in the previous year. Food Inflation in Jamaica averaged 10.49 percent from 2008 until 2018, reaching an all time high of 35 percent in July of 2008 and a record low of 0.10 percent in November of 2016.
Food Inflation in Jamaica is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Jamaica to stand at 3.80 in 12 months time. In the long-term, the Jamaica Food Inflation is projected to trend around 4.80 percent in 2020, according to our econometric models.