Inflation in Jamaica
Jamaica - InflationEconomic growth likely maintained a broadly stable pace in the second quarter. In April, the unemployment rate dropped to its lowest level since records began over seven years ago, supported by job creation in the construction, leisure and real estate sectors. Additionally, consumer sentiment rose in Q2 partly on an improved outlook for the jobs market. However, business confidence decreased in the same period on profitability concerns, while the merchandise trade deficit increased sharply over a year ago in the first four months of the year as imports grew robustly while exports contracted. Moreover, tourism dropped markedly in the second quarter, contrasting the solid growth recorded in Q1, possibly due to travel advisories warning about the recent spike in violent crime. To combat crime, the government passed two bills in late July.
Jamaica - Inflation Data
|Inflation Rate (CPI, annual variation in %)||9.4||8.3||3.7||2.4||4.4|
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Jamaica Inflation Chart
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