Inflation Rate in Jamaica increased to 5.30 percent in April from 5 percent in March of 2025. This dataset provides - Jamaica Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation in Jamaica dropped to about 3.91 percent in 2019, meaning that a group of goods that cost 100 Jamaican dollars in 2019 would cost 103.91 Jamaican dollars in 2020. This rate dropped from 4.38 percent in 2017 and was forecast to stay around 5 percent in the medium term.

Inflation and growth

After adjusting for inflation, the growth rate in Jamaica’s economy has been relatively slow over the past few years. This is an issue for the island because its gross domestic product per capita indicates a moderate level of development. This suggests that the people would benefit from a higher level of growth. Developmental economists often call this “catch-up” growth, a period of relatively rapid growth that occurs because the economy develops to the level of other countries that have fully realized their economic potential under modern levels of technology and trade.

Effects of inflation

Inflation is often associated with a corresponding increase in unemployment. In developed economies, central bankers worry about the tradeoff between higher inflation and higher unemployment. For Jamaica, more inflation may be the lesser of two evils. Since the Jamaican dollar is not pegged to any other currency, inflation also weakens the currency. For a country so heavily reliant on foreign currencies through tourism, this actually makes Jamaica a more attractive destination because tourists’ U.S. dollars or euros are worth more in relative terms.

In 2024, the average inflation rate in Jamaica was approximately 5.55 percent. Between 1980 and 2024, the figure dropped by around 12.43 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 0.55 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

The Consumer Price Index in Jamaica increased 0.40 percent in May of 2025 over the previous month. This dataset provides - Jamaica Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the annual end-of-period inflation rate of Jamaica stood at about 4.97 percent. Between 1980 and 2024, the figure dropped by approximately 23.73 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the rate will rise by around 0.03 percentage points, showing an overall upward trend with periodic ups and downs.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

Graph and download economic data for Inflation, consumer prices for Jamaica (FPCPITOTLZGJAM) from 1960 to 2024 about Jamaica, consumer, CPI, inflation, price index, indexes, and price.

Cost of food in Jamaica increased 6.46 percent in May of 2025 over the same month in the previous year. This dataset provides - Jamaica Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Jamaica was 5.19 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 5.29 percent. Compared to a year ago, we see a decrease from the inflation...

Inflation rate (GDP deflator) of Jamaica slumped by 8.68% from 12.8 % in 2022 to 11.7 % in 2023. Since the 114.36% surge in 2021, inflation rate (GDP deflator) rocketed by 57.37% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Jamaica JM: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 6.955 % in 2017. This records an increase from the previous number of 4.595 % for 2016. Jamaica JM: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 10.199 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 60.036 % in 1992 and a record low of 4.595 % in 2016. Jamaica JM: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

The annual average consumer price index in Jamaica was approximately 138.14 points in 2024. Following a continuous upward trend, the index has risen by around 137.68 points since 1980. Between 2024 and 2030, the index will rise by around 47.09 points, continuing its consistent upward trajectory.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

Inflation, consumer prices (annual %) in Jamaica was reported at 5.4119 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Jamaica - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

This scatter chart displays inflation (annual %) against fertility rate (births per woman) in Jamaica. The data is about countries per year.

Jamaica JM: Real Interest Rate data was reported at 11.371 % pa in 2016. This records an increase from the previous number of 9.717 % pa for 2015. Jamaica JM: Real Interest Rate data is updated yearly, averaging 7.500 % pa from Dec 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 21.217 % pa in 1997 and a record low of -12.791 % pa in 1984. Jamaica JM: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Jamaica JM: GDP: USD: Gross National Income: Atlas Method data was reported at 13.723 USD bn in 2017. This records an increase from the previous number of 13.350 USD bn for 2016. Jamaica JM: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 4.420 USD bn from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 14.326 USD bn in 2013 and a record low of 1.140 USD bn in 1968. Jamaica JM: GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Jamaica JM: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 4,750.000 USD in 2017. This records an increase from the previous number of 4,630.000 USD for 2016. Jamaica JM: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 1,800.000 USD from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 5,020.000 USD in 2013 and a record low of 620.000 USD in 1968. Jamaica JM: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

This statistic shows the life expectancy at birth in Jamaica from 2013 to 2023. In 2023, the average life expectancy at birth in Jamaica was 71.48 years. Jamaica's economic improvement Life expectancy in Jamaica is rising slowly, comparing ever more favorably with the rest of the world. In 2003, life expectancy was 70.98 years of age and over the period of ten years it rose slightly by about 3 years. When looking at past figures, in 1975 the median age of the population was significantly lower than what it is today. Back then, the average age of the population was only 17, but in 2015 it has risen to 29.1 years of age. This indicates a significant improvement in health care and living standards, resulting in extended life spans. Improvements have also been made regarding the fertility rate, and as of 2015 it stood at 2.03 – right at the natural replacement rate where most countries would like to be. This is shifting the age structure of Jamaica towards what is typical for developing countries. However, despite improvements in health and longer lifespans, GDP per capita remains low at around 5,000 U.S. dollars per capita. On the other hand, the unemployment rate, while still high is getting better, GDP growth is on the rise after some difficult years, and the inflation rate is also dropping. It appears that the living conditions and standard of living in Jamaica will continue to improve and as they do, it is also likely that tourism on the island will continue.

The transportation sub-index of the CPI basket in Jamaica increased to 130 points in May of 2025 from 129.90 points in April of 2025. This dataset provides - Jamaica Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Jamaika: Real interest rate: Bank lending rate minus inflation: The International Monetary Fund göstergesi için Jamaika hakkında 1976 - 2023 arası bilgi. Jamaika için bu döneme ait ortalama değer yüzde 6.02 percent con un mínimo de -12.79 percent en 1984 y un máximo de 21.22 percent en 1997.

5,4 (%) в 2024. Инфляция, измеряемая индексом потребительских цен, отражает годовое процентное изменение стоимости средней потребительской корзины товаров и услуг, которая может быть зафиксирована или изменена в определенные интервалы времени, например ежегодно. Как правило, используется формула Ласпейреса.