Home Businessuite News24 Jamaica’s Calendar Year Inflation Rate For 2016 Measured At 1.7%
Jamaica’s Calendar Year Inflation Rate For 2016 Measured At  1.7%

Jamaica’s Calendar Year Inflation Rate For 2016 Measured At 1.7%

0
0

The movement in the All Jamaica ‘All Divisions’ Consumer Price Index (CPI) for December
2016 was 0.3 per cent bringing the calendar year inflation rate for 2016 to 1.7 per cent. This was
2.0 percentage points below the 3.7 per cent recorded for the calendar year 2015. The division
recording the highest movement for the month under review was ‘Housing, Water, Electricity,
Gas and Other Fuels’ which increased by 0.8 per cent due primarily to increased electricity,
water and sewage rates for the month. The highest weighted division ‘Food and Non-Alcoholic
Beverages’ moved up by 0.4 per cent. This was mainly due to the class ‘Vegetables and Starchy
Foods’ increasing by 0.8 per cent.

The division recording the lowest movement was ‘Transport’ which was the only division to
register a decline, moving down by 0.5 per cent as a result of lower fuel prices on the local
market.

The fiscal year-to-date movement was 3.1 per cent as at December 2016.

The other divisions that recorded increases in the All Jamaica ‘All Divisions’ index were:
‘Alcoholic Beverages and Tobacco’ 0.1 per cent, ‘Clothing and Footwear’ 0.1 per cent, ‘Furnishings,
Household Equipment and Routine Maintenance’ 0.1 per cent, ‘Health’ 0.4 per cent, ‘Restaurants and
Accommodation Services’ 0.1 per cent and ‘Miscellaneous Goods and Services’ 0.4 per cent. The
divisions ‘Recreation and Culture’, ‘Education’ and ‘Communication’ each recorded negligible
movement in their index.

The regional index showed upward movements for all three regions: Greater Kingston Metropolitan
Area up by 0.4 per cent, Other Urban Areas up by 0.3 per cent and Rural Areas up by 0.2 per cent.

The Consumer Price Index Bulletin December 2016 further outlines additional information and may be obtained from the Information Section of the Statistical Institute of Jamaica, 7 Cecelio Avenue, Kingston. CPI data are also published on the STATIN website at www.statinja.gov.jm

LEAVE YOUR COMMENT