A beach in Jamaica with palm trees

Jamaica Money (ann. var. of M2 %)

Money 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 Money Chart

This chart displays Money (annual variation in %) for Jamaica from 2012 to 2021.

Jamaica Money Data

2017 2018 2019 2020 2021
Money (ann. var. of M2 %) 11.7 9.8 9.4 18.3 13.7

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