Point-to-Point Inflation Rate Down for December

Jamaica’s point-to-point Inflation rate has fallen for December.

That’s according to the latest information from the Statistical Institute of Jamaica, STATIN.

According to STATIN, for December, Jamaica recorded an inflation rate of 9.4%.

That’s just over a one percentage point decrease compared to the previous month’s rate of 10.3%.

The point to point out turn for the month was mainly influenced by movements in the heavily weighted category of food and non-alcoholic beverages 13.8%.

This was followed by Restaurants and Accommodations Services’ at 23-point-9 per cent and ‘Housing, Water, Electricity, Gas and Fuels at 2.8%.

For the fiscal year-to-date the inflation rate was 6.2%.

However, for December itself, the inflation rate was zero.

This was due to a decline in the rate for food and non-alcoholic beverages of 1% and Transport, which fell by 0.9%.