Current inflation Jamaica 4.8%
January 2025
Current Inflation
Inflation is high at 4.8%, well above the ECB target.
Historical Context
Current inflation is 1.8% lower than the 5-year average of 6.6%.
- 5-year average
- 6.6%
- 10-year average
- 5.2%
- All-time high (2008)
- 22%
- All-time low (2016)
- 2.4%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +0.6 percentage point.
ECB Target
Inflation is 2.8% 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 JMD 100 this year will cost approximately JMD 104.80 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 4.8%
- Last year
- 5.4%
- 5-year average
- 4.8%
- All-time high (2008)
- 22%