Inflation in Jamaica
Jamaica - InflationAnnual growth decelerated to a year-and-a-half low of 1.3% in the second quarter, down from the first quarter’s 1.8% expansion. Contracting output in the agricultural sector led the moderation. Moreover, output in the mining sector also fell in Q2, while the merchandise trade deficit widened in the first half of the year. In addition, tourist arrivals contracted in Q2. More positively, however, manufacturing production increased in Q2. Early data for the third quarter, meanwhile, shows that the tourism sector likely remained under pressure, with tourist arrivals falling again in annual terms in July. Meanwhile, the IMF could unlock USD 220 million in funding for the country—as part of Jamaica’s probable exit of the standby arrangement—if approved by the Fund’s executive board in November.
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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