*Data Extracted from the Statistical Institute of Jamaica website
Inflation is calculated as the change in the Consumer Price Index (CPI). The CPI is defined by STATIN (the Statistical Institute of Jamaica) as a basket of goods typically purchased by the Jamaican consumer and can therefore be used as a reliable indicator of the movement of prices in Jamaican society.
The prices vary from town to town, parish to parish, but the monthly percentage changes in this chart are a national indicator. The methods used by STATIN are continuously updated in order to maintain international standards.
The Image illustrates the monthly changes in inflation and compares 2017 to 2018.