Inflation Jamaica 2014
Average inflation: 8.3%
Current Inflation
Inflation is very high at 8.3%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 9.8%. The lowest inflation was in December at 6.3%.
- Highest month
- August: 9.8%
- Lowest month
- December: 6.3%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 8.6%. The lowest price increase was in Energy with an average of 6.6%.
- Highest increase
- Food: 8.6%
- Lowest increase
- Energy: 6.6%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 8.9%.
- 5-year average
- 8.9%
- 10-year average
- 10.9%
- All-time high (2008)
- 22%
- All-time low (2001)
- 6.8%
Trend
Inflation shows an upward trend. Compared to 2013, inflation has risen by -1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- December: -3.2 percentage points
ECB Target
Inflation is 6.3% 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 €108.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 9.3% | +1.0 |
| February | 8.7% | +0.6 |
| March | 8.3% | -0.8 |
| April | 7.6% | -1.4 |
| May | 8.0% | -1.3 |
| June | 8.0% | -0.8 |
| July | 9.0% | -0.5 |
| August | 9.8% | +0.3 |
| September | 8.9% | -1.5 |
| October | 8.2% | -2.1 |
| November | 7.2% | -2.8 |
| December | 6.3% | -3.2 |
| Average | 8.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.