Jamaica Inflation Rate 1960-2021

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 2020 was 5.23%, a 1.32% increase from 2019.
  • Jamaica inflation rate for 2019 was 3.91%, a 0.17% increase from 2018.
  • Jamaica inflation rate for 2018 was 3.74%, a 0.64% decline from 2017.
  • Jamaica inflation rate for 2017 was 4.38%, a 2.03% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 84.86%
Turkey 12.28%
Kazakhstan 6.75%
Belarus 5.55%
Jamaica 5.23%
Equatorial Guinea 4.77%
Dominican Republic 3.78%
Mexico 3.40%
Russia 3.38%
South Africa 3.22%
Guatemala 3.21%
Brazil 3.21%
Azerbaijan 2.76%
Romania 2.63%
Mauritius 2.58%
Colombia 2.52%
China 2.42%
Algeria 2.42%
Namibia 2.21%
Botswana 1.89%
Peru 1.83%
Paraguay 1.77%
Bulgaria 1.67%
Albania 1.62%
Serbia 1.58%
Gabon 1.37%
Armenia 1.21%
North Macedonia 1.20%
Costa Rica 0.72%
Jordan 0.33%
Montenegro -0.26%
Ecuador -0.34%
Thailand -0.85%
Bosnia -1.05%
Malaysia -1.14%
Maldives -1.37%
Samoa -1.57%
Jamaica Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%