A beach in Jamaica with palm trees

Jamaica Inflation

Jamaica Inflation

Inflation in Jamaica

Consumer price inflation in Jamaica averaged 5.8% in the ten years to 2022, above the Central America and Caribbean regional average of 3.4%. The 2022 average figure was 10.3%. For more inflation information, visit our dedicated page.

Jamaica Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Jamaica from 2017 to 2023.
Source: Statistical Institute of Jamaica.

Jamaica Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 3.7 3.9 5.7 5.9 10.3
Inflation (CPI, ann. var. %, eop) 2.4 6.2 5.6 7.3 9.3
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Jamaican inflation projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Jamaican inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Jamaican inflation projections.

Want to get access to the full dataset of Jamaican inflation forecasts? Send an email to info@focus-economics.com.

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