Jamaica Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Jamaica inflation rate for 2023 was 6.47%, a 3.88% decline from 2022.
- Jamaica inflation rate for 2022 was 10.35%, a 4.49% increase from 2021.
- Jamaica inflation rate for 2021 was 5.86%, a 0.64% increase from 2020.
- Jamaica inflation rate for 2020 was 5.23%, a 1.32% increase from 2019.
| Jamaica Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
6.47% |
-3.88% |
| 2022 |
10.35% |
4.49% |
| 2021 |
5.86% |
0.64% |
| 2020 |
5.23% |
1.32% |
| 2019 |
3.91% |
0.17% |
| 2018 |
3.74% |
-0.64% |
| 2017 |
4.38% |
2.03% |
| 2016 |
2.35% |
-1.34% |
| 2015 |
3.69% |
-4.58% |
| 2014 |
8.27% |
-1.07% |
| 2013 |
9.34% |
2.47% |
| 2012 |
6.87% |
-0.68% |
| 2011 |
7.56% |
-5.05% |
| 2010 |
12.61% |
3.02% |
| 2009 |
9.59% |
-12.43% |
| 2008 |
22.02% |
12.78% |
| 2007 |
9.24% |
0.68% |
| 2006 |
8.56% |
-6.49% |
| 2005 |
15.05% |
1.50% |
| 2004 |
13.55% |
3.47% |
| 2003 |
10.09% |
3.01% |
| 2002 |
7.08% |
0.27% |
| 2001 |
6.80% |
-1.37% |
| 2000 |
8.17% |
2.22% |
| 1999 |
5.95% |
-2.68% |
| 1998 |
8.63% |
-1.03% |
| 1997 |
9.66% |
-16.75% |
| 1996 |
26.41% |
6.50% |
| 1995 |
19.91% |
-15.15% |
| 1994 |
35.06% |
12.99% |
| 1993 |
22.07% |
-55.23% |
| 1992 |
77.30% |
26.23% |
| 1991 |
51.07% |
29.11% |
| 1990 |
21.96% |
7.63% |
| 1989 |
14.33% |
6.06% |
| 1988 |
8.27% |
1.61% |
| 1987 |
6.65% |
-8.45% |
| 1986 |
15.11% |
-10.57% |
| 1985 |
25.67% |
-2.14% |
| 1984 |
27.81% |
16.23% |
| 1983 |
11.58% |
5.04% |
| 1982 |
6.55% |
-6.19% |
| 1981 |
12.74% |
-14.57% |
| 1980 |
27.31% |
-1.77% |
| 1979 |
29.08% |
-5.82% |
| 1978 |
34.90% |
23.71% |
| 1977 |
11.19% |
1.40% |
| 1976 |
9.79% |
-7.58% |
| 1975 |
17.38% |
-9.78% |
| 1974 |
27.16% |
9.48% |
| 1973 |
17.68% |
12.25% |
| 1972 |
5.43% |
0.09% |
| 1971 |
5.34% |
-9.39% |
| 1970 |
14.73% |
8.42% |
| 1969 |
6.30% |
0.37% |
| 1968 |
5.93% |
2.91% |
| 1967 |
3.02% |
1.12% |
| 1966 |
1.90% |
-0.73% |
| 1965 |
2.63% |
0.62% |
| 1964 |
2.01% |
0.25% |
| 1963 |
1.76% |
0.36% |
| 1962 |
1.41% |
-5.29% |
| 1961 |
6.70% |
3.42% |
| 1960 |
3.27% |
3.42% |
