Jamaica Records 1.1% Inflation Rate For July

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The country recorded an inflation rate of one-point-one per cent for the month of July.

In a statement this afternoon, the Statistical Institute of Jamaica, STATIN, says the movement was mainly as a result of a 2.4% increase in the index for the heavily weighted ‘Food and Non-Alcoholic Beverages’ division.

STATIN says the ‘Transport division also moved up by 0.7% due to the higher cost for petrol and air travel.

But, overall movement in the index for ‘Housing, Water, Electricity, Gas, and Other Fuels’ division declined by 1.4%.

For the period under review, the calendar year-to-date movement was 2.5%

While the point-to-point inflation is 4.3% and the fiscal year-to-date is 1.8%.

STATIN also says a breakdown of the three regions for July 2019, showed increases in all three.

The index for the Greater Kingston Metropolitan Area was up by 1.6%

Other Urban Centres went up by 1% and Rural Areas increased by 0.7%.




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