Negative inflation in February

Point-to-point inflation in Jamaica has bent back close to the Bank of Jamaica’s target of 4-6 percent based on the February 2024 data released by the Statistical Institute of Jamaica, with a reading of 6.2 percent following monthly inflation plunging by 0.6 percent for the month and follows a fall of 0.10 percent in January.
The decline was influenced by the decreases in the index for the divisions ‘Food and Non Alcoholic Beverages’ (1.1 percent) and ‘Housing, Water, Electricity, Gas and Other Fuels’ (1.6 percent).

Inflation rate drops in April

Inflation has finally returned to the band mandated by the Bank of Jamaica of 4 to 6 percent per annum, with the year over year rate now at 5.8 according to data released by the Statistical Institute of Jamaica (Statin.) and is down from 6.2 percent in March.
The dip in the point to point inflation below 6 percent was occasioned by a fall in the All-Jamaica Consumer Price Index (CPI) of 0.4 percent for April 2023 and was influenced mainly by a 4.2 percent fall in the index for the division ‘Housing, Water, Electricity, Gas and Other Fuels’. The movement in the division’s index was due to a reduction in the rates for electricity, which resulted in a 12.5 percent fall in the index for the group. There was also a decline in the index for the ‘Transport’ division, which moved down by 0.1 percent due mainly to reduced petrol and air travel costs. The inflation rate was, however, tempered by a 0.6 percent increase in the index for the heaviest weighted division ‘Food and Non-Alcoholic Beverages.
The inflation rate since November last year is now negative.

BOJ must slash the ON rate to 5% now

Bank of Jamaica must make a bold move and cut the Overnight rate they charge banks to 5 percent from 7 percent now and prevent driving the economy into recession, with inflation now within the Bank’s target range and set to fall lower over the next few months.
The cut in rates now is also essential to help pension funds and the fall in the value of many of the interest sensitive assets with the financial market that fell had to be marked down to market, with higher interest rates and impaired capital in some of the country’s banks.
Many observers may credit BOJ with managing the inflation in Jamaica well and bringing it back to their target 4-6 percent range. The problem is that the country is now faced with severely undershooting the lower end of the target, a target this publication thinks should be revised down to 2.5 to 4 percent.
In March, ICInsdier.com published an article captionedTime come for BOJ to cut interest rates.
We posited that “Interest rates in Jamaica and around the world were pushed up since 2021 to curb inflation that got out of hand, in the process Bank of Jamaica hiked their overnight rate from 0.50 percent August 2021 to a high of 7 percent in November last year, since then point to point inflation peaked in April last year at 11.8 percent, but has since declined sharply by 34 percent to February this year, with the pace since November last year running at 44 percent below the 2021 period.
The average monthly inflation rate has dropped from the 2022 level of 0.6 percent per month from November 2021 to October 2022. It is now running at an average of 0.2 percent per month or 2.4 percent per annum over the last five months, well below the Bank’s target of 4-6 percent per annum. If history is anything to go by, the next three months should see relatively low inflation, suggesting that the current average of 0.2 per month could continue for a few more months. The fall has been consistent, although the rate for a few months exceeded this pace.”
Bank of Jamaica’s target of 4-6 percent is close at hand based on the point to point inflation, with the danger now that the rate could fall well below the lower end of the band if BOJ does not act soon to lower interest rates.
Since then, inflation has remained very low, as we forecasted, with the All-Jamaica Consumer Price Index (CPI) increasing by a mere 0.1 per cent for March 2023.
The big problem is that BOJ MPC members are constantly looking backwards at the point to point inflation and not correctly reading the more critical signals in the data they sent that inflation was killed from 2022.

No inflation in December

Add your HTML code here...

There was no inflation in Jamaica in December, according to data from the Statistical Institute of Jamaica. Not only was there no inflation on an overall basis, but prices also fell marginally, with the price index slipping from 128 in November to 127.9 in December.
According to Statin, the outcome emanated from a 1 percent decline in the index for the heaviest weighted division, Food and Non-Alcoholic Beverages and a 0.9 percent fall for the Transport division. The fall in food prices was due to lower prices for carrots, tomatoes, cabbage and lettuce, being the main contributors to the 6.3 percent decrease in the index for the class Vegetables, tubers, plantains, cooking bananas and pulses. The fall in the transport index resulted mainly from lower petrol cost. There were increases in the index for the divisions; Restaurants and Accommodation Services by 3.4 percent, impacted mainly by increased prices for meals consumed away from home, and Housing, Water, Electricity, Gas and Other Fuels that was up 0.7 percent, due mainly to increases in the rates for electricity, water and sewage.
For December 2022, the point-to-point inflation rate was 9.4 percent compared to the 10.3 percent that was recorded for November and 8.8 percent for 2022, marginally down from 9.1 percent for the 2021 calendar year.

Inflation in Jamaica now running under 5%

Inflation in Jamaica continues to decline and running well within the Bank of Jamaica target of 4 to 6 percent since the latter part of 2021, with inflation since October at 5.3 percent and 4.6 percent per annum since November last year.
In the next few months, inflation looks set to dip even more with commodity prices falling sharply with the price of fuel which is now under US$90 per barrel, set to send inflation locally down sharply.
As measured by the Consumer Price Index, Inflation increased by 0.7 percent for July 2022, the Statistical Institute of Jamaica (STATIN) reported this week, bringing inflation since July last year to 10.2 percent, the government agency stated. The July 2022 inflation comes in well under the 1.7 percent increase in July 2021 but in line with the Inflation for June last year of 0.7 percent.
This increase for July, Statin states, was due mainly to a 1.4 percent increase in the index for the heavily weighted ‘Food and Non-Alcoholic Beverages’ division, with ‘Vegetables, tubers, plantains, cooking bananas and pulses’ rising 3 percent, ‘Cereals and cereal products’ up 1.7 percent, ‘Meat and other parts of slaughtered land animals’ increasing 0.8 percent and ‘Fish and Seafood’ up 0.7 percent.
Inflation in July was impacted by one off increase in toll rates on the two toll roads.

Bank of Jamaica inflation response worsened

Inflation in Jamaica is getting better, not worse, contrary to the recent statement by the Bank of Jamaica, to the contrary in justifying a steep hike in overnight deposit interest rates by 1.5 percent to 4 percent starting on Monday.

BOJ hikes overnight rate.

Yes, the point to point inflation rate moved up to 9.7 percent, giving the impression that inflation is getting out of hand, but that number does not tell the true story. The 4 percent interest rate will help savers get a more realistic rate on their savings.
The bank really had no significant new information that they did have when rates were raised between September and December, last year. If anything, the new information indicates clearly that inflation is moderating not worsening.
What are the facts? In January and February, last year inflation was negative 1.6 and 0.1 percent respectively and jumped to 1.1 percent in March while slipping to 0.5 percent in April, for a negative year to date inflation then, of 1.1 percent. Between May and September when BOJ moved rates up by 100 basis points inflation was the worse for the year at 1.32 percent per month or annualized 16 percent that is well up from 0.48 percent per month or 5.76 percent. The high rate of inflation suggests the bank should have moved earlier to raise rates than in September.
Inflation since the first interest rate move in September, is running at 0.6 percent per month or 7.2 percent per annum just slightly above the BOJ range of 4-6 percent. The average for the last three months is running at an average of 0.47 percent or 5.64 percent annualized, well below the 16 percent per annum for the period indicated above.
Negative inflation in January 2021 was due to a steep decline in the prices of vegetables and tubers a development that was not sustainable, as such the underlying inflation was more likely positive than negative as such the 0.6 percent increase in January this year is not out of line and is better than the December rate of 0.8 percent. The question to be answered is what can justify a sharp interest rate increase to tame much more moderate inflation over the past three months compared to when the rates were initially raised in September and on two other occasions last year by much smaller amounts that that starting on Monday?

March inflation in Jamaica jumps sharply

Prices in the category of Housing, Water, Electricity, Gas and Other Fuels as measured by division the Statistical Institute of Jamaica (STATIN) surged sharply by in March 13.1 percent and the category of Electricity, Gas and Other Fuels’ jumped 8.6 percent to help send inflation for March to the highest increase for 2020 to date.
The major items of the increase were tempered by the decline of 1.8 percent in the index for the group ‘Water Supply and Miscellaneous Services Related to the Dwelling.’
According to Statin, the All Jamaica Consumer Price Index recorded an increase of 1.1 percent for March this year. The increase was due primarily to the upward movements in the index for the groups, ‘Actual Housing Rentals and Electricity, Gas and Other Fuels’, with the Housing, Water, Electricity, Gas and Other Fuels’ division increasing by an average of 4.6 percent for the overall inflation the index.
“The index for the heaviest weighted division ‘Food and Non-Alcoholic Beverages’ rose by 0.2 per cent, while the index for the ‘Transport’ division advanced by 0.5 per cent”, Statin advised.
For the review period, the calendar year-to-date inflation rate is negative 0.6 percent, with January having negative inflation of 1.6 percent and February 0.1 percent, while the fiscal year ending in March, the inflation rate was 4.4 percent and the rate for the past twelve months is 5.2 percent.

Jamaica’s Inflation stays low

Inflation in Jamaica for the first five months of 2020 remained extremely low, with the rate for May, coming in at 0.1 percent following April’s increase of just 0.2 percent, leading the year-to-date inflation rate at negative 0.4 percent.
Inflation over the past twelve months came out at 4.2 percent, with the period between July and November rising by exactly 4.2 percent, mostly due to a hike in the exchange rate of the Jamaican dollar versus the US dollar.
The May movement resulted mainly from a 1.1 percent increase in the heavily weighted Food and Non-Alcoholic Beverages division, according to a release from the Statistical Institute of Jamaica due to higher prices for agricultural produce, with a 2.3 percent rise. The division of Housing, Water, Electricity, Gas and Other Fuels increased 1.5 percent due mainly to electricity rates, which resulted in a 5.6 percent upward movement in the index for the group.
The index for the Education division fell 22.1 percent, primarily due to a decrease in tuition fees for the summer term and the Transport division index fell 0.3 percent, with lower prices for petrol contributed to this decline.

Jamaica’s inflation slows in August

Jamaica’s Inflation rate slipped to 0.8 percent in August from 0.9 percent in August 2018 and lower than the 1.1 percent recorded in July this year according to data released by the Statistical Institute of Jamaica.
The major contributors to the latest inflation data were food and non-alcoholic beverages, increasing 0.9 percent and Housing, Water, Electricity, Gas and other Fuels that climbed 1.7 percent due to higher electricity rates. The Transport sector rose 0.3 percent mainly due to higher prices for petrol and air travel.
For the year to date, inflation is up 3.3 percent and 2.6 percent for the fiscal year to date. The 2019 inflation rate is slightly ahead of the 2018 rates with the 2018 year to date inflation at 1.6 percent to August and the fiscal year to date 1.9 percent. Inflation for the last 12 months to August this year is 4.1 percent versus 3.9 percent for the same period in 2018.
The consumer price index measures the price level of consumer goods and purchases, and services from private individuals or households.

Jamaica’s April inflation tame

Monthly inflation figures returns well below the 2 percent per annum level in April according to data put out by the Statistical Institute of Jamaica (STATIN) today.
According to Statin, the All Jamaica Consumer Price Index recorded an inflation rate of 0.1 percent in April 2019. the inflation for April comes against a rise of inflation in march to 0.8 percent.
This movement in April was mainly attributable to a 0.5 percent increase in the index for Food and Non-Alcoholic Beverages. The two groups within this division Food and Non-Alcoholic Beverages recorded increases of 0.5 percent and 0.3 percent respectively. Transport division, rose by 0.4 percent due to the rise in petrol prices and its related products. The overall movement was tempered by a 1.5 percent decline in the index for the Housing, Water, Electricity, Gas, and Other Fuels division resulting from lower rates for electricity, water and sewage. The calendar year-to-date inflation movement is 0.8 percent, while inflation over the past twelve months comes out at 3.9 percent and the fiscal year-to-date is a low 0.1 percent with just one month having elapsed.

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.