Inflation Jamaica 2002
Average inflation: 7.1%
Current Inflation
Inflation is very high at 7.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 8.9%. The lowest inflation was in August at 6.1%.
- Highest month
- January: 8.9%
- Lowest month
- August: 6.1%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.6%. The lowest price increase was in Energy with an average of 6.5%.
- Highest increase
- Food: 6.6%
- Lowest increase
- Energy: 6.5%
Historical Context
Current inflation is around the 5-year average of 7.3%. This approaches the lowest level since records began (6.8% in 2001).
- 5-year average
- 7.3%
- 10-year average
- 7.3%
- All-time high (2000)
- 8.1%
- All-time low (2001)
- 6.8%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- January: +3.0 percentage points
ECB Target
Inflation is 5.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 8.9% | +3.0 |
| February | 7.9% | +1.5 |
| March | 7.8% | +1.4 |
| April | 7.8% | +2.0 |
| May | 6.8% | +0.5 |
| June | 6.3% | -0.4 |
| July | 6.6% | -0.5 |
| August | 6.1% | -0.9 |
| September | 6.1% | -0.4 |
| October | 6.1% | -1.3 |
| November | 7.4% | 0.0 |
| December | 7.3% | -1.1 |
| Average | 7.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.