Jamaica Inflation Rate

Last Release

Mar 31, 2025

Actual

Units In

4.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
26.49 Aug 2008	1.6 Nov 2016	8.3 %	2002-2025	Statistical Institute of Jamaica

In Jamaica, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (37.4 percent of total weight). Housing and Utilities accounts for 12.8 percent; Transport for 12.8 percent; Miscellaneous Goods and Services for 8.4 percent; Restaurants and Hotels for 6.2 percent and Furniture, Household Goods and Maintenance for 4.9 percent. Communication ; Recreation and Culture; Clothing and Footwear; Clothing and Footwear; Education and Alcoholic beverages and Tobacco account for the remaining 17.5 percent of total weight.

Latest Updates

The annual inflation rate in Jamaica further eased to 5.6% in March 2024, from 6.3% in the previous month. This marked the lowest reading since October 2023, as prices softened for food & non-alcoholic beverages (4.8% vs 7.7% in February), alcoholic beverages & tobacco (4.4% vs 4.5%), clothing & footwear (3.7% vs 3.9%), furnishings, household equipment & maintenance (9.7% vs 10%), information & communication (5.3% vs 5.7%), recreation, sport & culture (4.9% vs 5.4%), restaurants & accommodation services (7.1% vs 8.2%), and personal care social protection, miscellaneous goods & services (4.1% vs 4.2%). Meanwhile, costs increased for housing & utilities (3% vs 0.2%) and transport (10.1% vs 9.6%), while remained steady for health (at 4.2%) and education (at 15.7%). Monthly, the CPI fell by 0.5% in March, following a 0.6% drop in February.