Jamaica’s Inflation Rate Returns Within Target Range

Jamaica’s point-to-point inflation rate has fallen to 5.7 per cent as of the end of September 2024. That’s according to the latest information from the Statistical Institute of Jamaica, STATIN.

This is a reduction from the 6.5 per cent recorded for the month prior.

It also means the inflation rate has fallen back within the Bank of Jamaica’s target range of 4-6 per cent.

This was influenced mainly by the point-to-point inflation rate for the divisions, ‘Food and Non-Alcoholic Beverages’ Transport’ and ‘Housing, Water, Electricity, Gas and Other Fuels’.

For the calendar year–to-date the inflation rate as of September 2024 was 2.8 per cent.

The inflation rate for the month of September was 0.2 per cent.