The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
The inflation rate for the month September 2017 was 0.7%, following an upward movement of 0.3% in August 2017. The division which recorded the highest movement for the month was ‘Housing, Water, Electricity, Gas and Other Fuels’ with a 2.6% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.4%. STATIN reported that
The inflation rate for the month June 2017 was 0.7 %, following an upward movement of 0.1% in May 2017. The movement was credited to a 1.1% increase in the division ‘Food, Non-Alcoholic Beverages’ which was impacted by flood rains in May. The division ‘Transport’ moved up by 0.4%, while the ‘Housing, Water, Electricity, Gas
Consumer Price Index- May 2017 The inflation rate for the month May 2017 was 0.1%, following and upward movement of 0.3% in April 2017. The movement was credited to a 0.1% increase in the division ‘Food, Non-Alcoholic Beverages and Tobacco’. The division ‘Transport’ moved up by 0.2%, while the ‘Alcoholic Beverages and Tobacco increased by
The inflation rate for the month April 2017 was 0.3%, following and upward movement of 0.4% in March 2017. The movement was credited to a 1.7% increase in the division ‘Transport’ and ‘Food and Non-Alcoholic Beverages’ which moved up by 0.1%. The division ‘Alcoholic Beverages and Tobacco’ moved up by 0.9%, while the ‘Housing, Water,
