Friday 5 June, 2020

Jamaica recorded inflation of less than six per cent in 2017

Jamaica recorded inflation of 5.2 per cent for the calendar year 2017 according to the Consumer Price Index Bulletin released by the Statistical Institute of Jamaica (STATIN).

The latest bulletin shows that inflation rose 0.6 per cent in December, in large part due to increases in electricity prices. As a result, the category – housing, water, electricity, gas and other fuels recorded an increase of 1.2 per cent last month.

The price for vegetables and starchy foods also rose 0.8 per cent in December.

Inflation was not uniformed across the country as the Greater Kingston Metropolitan Area saw a bigger increase -  0.7 per cent compared to 0.5 per cent in other urban and rural areas.



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