Inflation Jamaica 2018
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.7%. The lowest inflation was in December at 2.5%.
- Highest month
- January: 4.7%
- Lowest month
- December: 2.5%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.3%. The lowest price increase was in Food with an average of 4.0%.
- Highest increase
- Energy: 6.3%
- Lowest increase
- Food: 4.0%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 4.5%.
- 5-year average
- 4.5%
- 10-year average
- 6.9%
- All-time high (2008)
- 22%
- All-time low (2016)
- 2.4%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by -0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- December: -2.7 percentage points
ECB Target
Inflation is 1.7% 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 €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 4.7% | +2.1 |
| February | 4.4% | +0.8 |
| March | 3.9% | -0.2 |
| April | 3.2% | -1.6 |
| May | 3.1% | -1.6 |
| June | 2.8% | -1.6 |
| July | 3.2% | -1.3 |
| August | 3.9% | -0.5 |
| September | 4.4% | -0.2 |
| October | 4.7% | -0.1 |
| November | 4.1% | -0.8 |
| December | 2.5% | -2.7 |
| Average | 3.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.