Inflation plunges again in Jamaica

February 15, 2023 by

Inflation in January this year plunged a healthy 0.6 percent in Jamaica, bringing the point-to-point inflation to 8.1 percent and the fiscal year to date inflation to 5.6 percent, putting it on track to meet the 4-6 percent inflation rate Bank of Jamaica is targeting.
The decline in January is mainly due to a 2.4 percent decline in Housing, Water, Electricity, Gas and Other Fuels and a 0.9 percent fall in Food and Non-Alcoholic Beverages, while Restaurants and Accommodation Services rose 1.4 percent.

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