Jamaica’s 2016 inflation lowest in decades

‘Vegetables and Starchy Foods’ had a strong impact on November price movement.

‘Vegetables and Starchy Foods’ had a strong impact on November price movement.

Inflation in Jamaica is set to be the lowest in decades as prices rose 0.4 percent in November over the previous month, bringing the inflation for the calendar year-to-date rate to only 1.4 per cent, the lowest for many decades.
Price movements as measured by the consumer index amounts to just 1.7 percent compared to the November 2015. Inflation for the fiscal year-to-date registered an increase of 2.8 percent.
The price movement in November this year, is mainly as a result of a 0.5 percent rise in Food and Non Alcoholic Beverages and a 0.7 per cent increase in Housing, Water, Electricity, Gas and Other Fuels’ division. Higher prices for vegetables and starchy foods and a rise in the cost of electricity were items that were most impactful.

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