Inflation Jamaica 2007
Average inflation: 9.2%
Current Inflation
Inflation is very high at 9.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 16.7%. The lowest inflation was in January at 6.6%.
- Highest month
- December: 16.7%
- Lowest month
- January: 6.6%
- Difference
- 10.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.8%. The lowest price increase was in Energy with an average of 8.9%.
- Highest increase
- Food: 11.8%
- Lowest increase
- Energy: 8.9%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 11.3%.
- 5-year average
- 11.3%
- 10-year average
- 9.8%
- All-time high (2005)
- 15%
- All-time low (2001)
- 6.8%
Trend
Inflation shows a downward trend. Compared to 2006, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- December: +10.9 percentage points
ECB Target
Inflation is 7.2% 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 €109.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 6.6% | -6.1 |
| February | 6.9% | -5.1 |
| March | 8.3% | -2.7 |
| April | 7.1% | -3.4 |
| May | 8.1% | -0.4 |
| June | 7.5% | -0.9 |
| July | 7.4% | -0.9 |
| August | 8.2% | -0.4 |
| September | 8.9% | +2.2 |
| October | 10.7% | +4.9 |
| November | 14.1% | +8.6 |
| December | 16.7% | +10.9 |
| Average | 9.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.