Inflation Rate in Jamaica
Inflation waned to 6.2% in March (February: 7.8%), the lowest rate in twenty months, due to lower energy prices. However, food prices continued to rise. In 2023, inflation should rise slightly from current levels and average above the Central Bank’s target range of 4.0–6.0%. A wage-price spiral amid labor shortages is the main upside risk.
Jamaica Inflation Rate Chart
Jamaica Inflation Rate Data
|Inflation (CPI, ann. var. %, aop)||4.4||3.7||3.9||5.7||5.9|