Inflation in Jamaica climbed by one percent in June over May, fueled by a spike in food prices, furnishings, household equipment and routine housekeeping and restaurant and accommodation services that rose 4.2 percent.
Inflation for the past two months is slightly higher than the same period in 2022, with June this year being partially pushed by the sharp increase in the minimum wage.
Point to point inflation rose from 6.1 percent in May to 6.3 percent, while the fiscal year inflation to date ended at 1.6 percent to June or 4.8 percent per annum if the current rate were to continue to March 2024.