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.
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.