Consumer prices in Jamaica increased at a faster pace of 4.7 percent year-on-year in October 2018, following a 4.3 percent jump in the previous month. It was the highest inflation in nine months, as the prices of food & beverages climbed 5.6 percent, compared to 4.1 percent in September, as prices for vegetables climbed by 13.3 percent (vs +7.3 percent) and those for fruit by 11.1 percent (vs 10.4 percent). This increase overshadowed a downturn in prices for utilities, which still rose a well above average 7.3 percent (vs +10.5 percent). Also, prices for alcohol & tobacco increased at a softer pace of 1.8 percent (vs 2.2 percent). On a monthly basis, consumer prices increased 0.7 percent after climbing 1.1 percent in the previous month. Inflation Rate in Jamaica averaged 9.14 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 4.10 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 4.50 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 10:30 PM Inflation Rate YoY 3.2% 2.8% 2.5%
2018-09-18 10:15 PM Inflation Rate YoY 3.9% 3.2% 3.3%
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%
2018-12-14 06:00 PM Inflation Rate YoY 4.7% 4.3%
2019-01-15 09:15 PM Inflation Rate YoY 4.10%
2019-02-15 10:30 PM Inflation Rate YoY


Jamaica Prices Last Previous Highest Lowest Unit
Inflation Rate 4.70 4.30 26.49 1.60 percent [+]
Inflation Rate Mom 0.70 1.10 3.30 -0.70 percent [+]
Food Inflation 5.60 4.10 35.00 0.10 percent [+]
Cpi Housing Utilities 255.69 259.10 259.10 96.30 Index Points [+]
Cpi Transportation 217.03 215.90 217.03 100.40 Index Points [+]
Consumer Price Index Cpi 257.43 255.60 257.43 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.30 26.49 1.60 2002 - 2018 percent Monthly
2006=100




Country Last Previous
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.70 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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