Inflation slows to 10.9 per cent at June
Published:Friday | July 22, 2022 | 12:09 AM
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.