Inflation Rose Slightly in June – BOJ

There was a slight increase in the country’s point-to-point inflation rate for June.

Governor of the Bank of Jamaica, BOJ, Richard Byles, provided the update during Tuesday’s sitting of parliament’s Standing Finance Committee.

Governor Byles, BOJ governor.

June’s 5.4 per cent inflation rate, was largely influenced by a 1.4 per cent increase in the index for ‘Food and Non-Alcoholic Beverages’. This is due to higher prices for goods such as tomato, carrot, yam and cabbage.

The index for the ‘Housing, Water, Electricity, Gas and Other Fuels’ division also increased by 0.8 per cent for the period.

The inflation rate is predicted to further increase in the coming months, due to the July 3 passage of Hurricane Beryl.