Inflation Jamaica 2004
Average inflation: 13.6%
Current Inflation
Inflation is very high at 13.6%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 16.5%. The lowest inflation was in September at 10.6%.
- Highest month
- March: 16.5%
- Lowest month
- September: 10.6%
- Difference
- 5.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 19.2%. The lowest price increase was in Food with an average of 14.4%.
- Highest increase
- Energy: 19.2%
- Lowest increase
- Food: 14.4%
Historical Context
Current inflation is 4.5% higher than the 5-year average of 9.1%. This approaches the highest level since records began (13.6% in 2004).
- 5-year average
- 9.1%
- 10-year average
- 9.1%
- All-time high (2004)
- 13.6%
- All-time low (2001)
- 6.8%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +3.6 percentage point.
- Change vs. previous year
- +3.6 percentage points
- Largest monthly swing
- March: +10.5 percentage points
ECB Target
Inflation is 11.6% 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 €113.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 15.3% | +8.9 |
| February | 16.2% | +10.2 |
| March | 16.5% | +10.5 |
| April | 15.1% | +7.9 |
| May | 14.1% | +5.2 |
| June | 12.2% | +1.7 |
| July | 11.7% | +1.3 |
| August | 11.5% | -0.1 |
| September | 10.6% | -2.2 |
| October | 12.6% | -0.9 |
| November | 13.9% | +0.6 |
| December | 13.8% | +0.1 |
| Average | 13.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.