Inflation Jamaica 2021
Average inflation: 5.8%
Current Inflation
Inflation is very high at 5.8%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 8.5%. The lowest inflation was in February at 3.8%.
- Highest month
- October: 8.5%
- Lowest month
- February: 3.8%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.7%. The lowest price increase was in Energy with an average of 5.3%.
- Highest increase
- Food: 6.7%
- Lowest increase
- Energy: 5.3%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 4.6%.
- 5-year average
- 4.6%
- 10-year average
- 5.4%
- All-time high (2008)
- 22%
- All-time low (2016)
- 2.4%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +0.6 percentage point.
- Change vs. previous year
- +0.6 percentage points
- Largest monthly swing
- November: +3.5 percentage points
ECB Target
Inflation is 3.8% 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 €105.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 4.6% | -0.6 |
| February | 3.8% | -2.2 |
| March | 5.2% | +0.4 |
| April | 3.8% | -1.7 |
| May | 5.0% | +0.3 |
| June | 4.4% | -1.9 |
| July | 5.4% | -0.3 |
| August | 6.0% | +0.9 |
| September | 8.2% | +3.3 |
| October | 8.5% | +3.4 |
| November | 7.8% | +3.5 |
| December | 7.3% | +2.1 |
| Average | 5.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.