Jamaica’s monthly inflation turns positive
It increases to 0.2%, but annual inflation falls to 2.1%
Monthly inflation has returned to positive territory in Jamaica, rising to 0.2% in May, from –0.4% in April – the fourth-consecutive month of negative inflation. Nonetheless, annual CPI inflation fell to 2.1%.
Inflation in May was primarily driven by increases in prices related to transport, the Bank of Jamaica noted in its latest inflation report, published on July 25. This "largely reflected increases in the cost for petrol and air travel". Electricity rates also notably rose.
The central bank
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