Inflation in Jamaica eased a bit in July to 0.6 percent compared to June 0.07 percent, according to data released by the Statistical Institute of Jamaica (Statin).
“For the second consecutive month the division Food and Non-Alcoholic Beverages recorded the highest movement of 1.2 per cent. This was primarily due to an upward movement in the class ‘Vegetable and Starchy Foods up by 3.8 per cent,” Statin stated and the Transport division rose 0.3 percent. Housing, Water, Electricity, Gas and Other Fuels decreased by 0.3 percent a result of lower electricity rates.
Inflation for the calendar July come out at 2.7 percent, while the movement over the last twelve months runs at 4.5 percent, slightly more than the 4.4 percent at June.
Inflation eases in July
August 17, 2017 by
