Economy Ends 2017 with 5.2% Inflation

Jamaica ended the calendar year 2017 with inflation at 5.2-percent.

That’s according to the Consumer Price Index Bulletin, released yesterday by the Statistical Institute of Jamaica, STATIN.

According to the latest bulletin, inflation rose 0.6-percent in December.

This is largely due to an increase in electricity prices, which caused the category, “Housing, Water, Electricity, Gas and Other Fuels” to rise by 1.2-percent.

Food prices, mainly the cost of vegetables and starchy foods, also rose 0.8-percent overall last month.

STATIN says the Greater Kingston Metropolitan Area was more affected than other parts of the country.

Inflation in the KMA was up 0.7-percent, compared to 0.5 in other urban and rural areas.

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