Jamaica’s inflation up 0.8% in March

Inflation in Jamaica rose 0.8 percent in March and brings the year to 0.7 percent date data released by the Statistical Institute of Jamaica (STATIN) shows and the fiscal year inflation to 3.4 percent.
According to Statin, the movement was mainly attributable to a fall of 0.9 percent in the index for the heaviest weighted division Food and Non-Alcoholic Beverages and a 1.5 percent rise in the Housing, Water, Electricity, Gas and Other Fuels division at resulted from a 2.7 percent increase in the group ‘Electricity, Gas and Other Fuels’. Also contributing to March’s inflation rate was an increase of 1.1 percent in the index for the ‘Transport’ division. This was mainly attributable to the rise in petrol prices.

 

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