Inflation Jamaica 2022
Average inflation: 10.3%
Current Inflation
Inflation is very high at 10.3%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 11.8%. The lowest inflation was in September at 9.2%.
- Highest month
- April: 11.8%
- Lowest month
- September: 9.2%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 12.8%. The lowest price increase was in Energy with an average of 7.7%.
- Highest increase
- Food: 12.8%
- Lowest increase
- Energy: 7.7%
Historical Context
Current inflation is 4.5% higher than the 5-year average of 5.8%.
- 5-year average
- 5.8%
- 10-year average
- 5.7%
- All-time high (2008)
- 22%
- All-time low (2016)
- 2.4%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.5 percentage point.
- Change vs. previous year
- +4.5 percentage points
- Largest monthly swing
- April: +8.0 percentage points
ECB Target
Inflation is 8.3% 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 €110.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 9.6% | +5.0 |
| February | 10.7% | +6.9 |
| March | 11.3% | +6.1 |
| April | 11.8% | +8.0 |
| May | 10.9% | +5.9 |
| June | 10.9% | +6.5 |
| July | 10.1% | +4.7 |
| August | 10.2% | +4.2 |
| September | 9.2% | +1.0 |
| October | 9.8% | +1.3 |
| November | 10.3% | +2.5 |
| December | 9.3% | +2.0 |
| Average | 10.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.