Inflation in June but deflation intact

Jamaica recorded an increase of 0.4 percent inflation for June, leaving country still in deflation for the year to June at negative 0.3 percent and inflation for the last twelve months to 2.8 percent.
“Housing, Water, Electricity, Gas and Other Fuels, moved up by 1.2 percent, an upward movement in the rate for electricity resulted in the group ‘Electricity, Gas, and Other Fuels increasing by 2 percent.

The price of electricity helped spike inflation in June.

While Water Supply and Miscellaneous Services Related to the Dwelling increased by 0.8 percent as a result of higher water and sewage rates. Food and Non-Alcoholic Beverages rose 0.3 percent due to an increase of 0.7 per cent in the class ‘Vegetables and Starchy Foods. Higher prices were recorded for produce such as Irish potato, yam, carrot, lettuce and onion during the month under review” the Statistical Institute of Jamaica (STATIN) indicated. Transport recorded an increase of 0.8 percent for the period, mainly due to increased prices for petrol the STATIN concluded.