Inflation Jamaica 2016
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.7%. The lowest inflation was in October at 1.7%.
- Highest month
- January: 3.7%
- Lowest month
- October: 1.7%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.1%. The lowest price increase was in Energy with an average of -1.3%.
- Highest increase
- Food: 4.1%
- Lowest increase
- Energy: -1.3%
Historical Context
Current inflation is 3.7% lower than the 5-year average of 6.1%. This approaches the lowest level since records began (2.4% in 2016).
- 5-year average
- 6.1%
- 10-year average
- 9.2%
- All-time high (2008)
- 22%
- All-time low (2016)
- 2.4%
Trend
Inflation shows a downward trend. Compared to 2015, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- December: -2.0 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 3.7% | -1.6 |
| February | 3.7% | -0.7 |
| March | 2.9% | -1.1 |
| April | 2.5% | -1.9 |
| May | 2.1% | -1.9 |
| June | 2.5% | -1.9 |
| July | 2.2% | -1.6 |
| August | 1.8% | -1.6 |
| September | 1.8% | 0.0 |
| October | 1.7% | -0.4 |
| November | 1.7% | -1.4 |
| December | 1.7% | -2.0 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.