Inflation under 6% since October

Inflation increased by 0.8 percent for June 2022, the Statistical Institute of Jamaica (STATIN) stated in a release on Friday, with the rate for the past twelve months to June 2022 at 10.9 percent, the same level as May.
This upward movement in June was primarily due to a 1.7 per cent increase in the Food and Non-Alcoholic Beverages index and a 0.9 percent in the Transport division, Statin indicated. There was a 0.5 percent decline in Housing, Water, Electricity, Gas, and Other Fuels.
Inflation for the fiscal year to June is 1.1 percent, or an annual rate of 4.4 percent, well within the 4-6 percent range of the BOJ target and lower than the 5.8 percent change since October last year.