STATIN reports a 1.4% Inflation Rate for June 2020

• The All Jamaica Consumer Price Index for June 2020 was 105.2, indicating an inflation rate of 1.4%. This increase was large as a result of the 3.6% increase in the index for the heavily weighted division ‘Food and Non-Alcoholic Beverages’ division
• Higher prices for agricultural products such as Irish potato, yellow yam, carrot, and lettuce for the review period, resulted in the index for the class ‘Vegetables, tubers, plantains, cooking bananas, and pulses’ moving up by 14.4%. There was an increase of 0.5% in the index for the division ‘Clothing and Footwear’.
• For the divisions ‘Furnishings, ‘Household Equipment and Routine Household Maintenance’ and ‘Personal Care, Social Protection and Miscellaneous Goods and Services’ each increased by 0.4%. These increases were however tempered by the decline in the division ‘Housing, Water, Electricity, Gas and Other Fuels’ down by 0.3% and ‘Transport’ down by 0.1%.

(Source: STATIN)