Sun | Jul 24, 2022

Inflation slows to 10.9 per cent at June

Published:Friday | July 22, 2022 | 12:09 AM

Director General of Statin Carol Coy
Director General of Statin Carol Coy

The Statistical Institute of Jamaica, Statin, recorded inflation for the country at 10.9 per cent over 12 months to June 2022, the same rate of price increases recorded a month earlier. This shows that price rises slowed over the two months from a high so far this year of 11.8 per cent at April.

Notwithstanding the apparent moderation in point-to-point inflation, the price of basic food items increased by double digits over the 12 months. This was reflected in the price of food and non-alcoholic beverages going up 13.7 per cent; transport, up 15.6 per cent; and restaurants and accommodation services leading the volume of price increases, up 22.4 per cent.