Jamaica

After peaking at 8.0% y-o-y in September, inflation came down to 7.1% y-o-y in November in Jamaica. The slowdown in inflation growth occurred on the back of declining inflation of food and energy prices which came in at 7.3% and 13.3% y-o-y, respectively. As a result, we have revised down our inflation end-of-period inflation estimate for 2011 from 9.0% to 8.0%. Given the structurally elevated inflation rate in the island over the last few years, which has averaged 10.2% y-o-y since November 2009, we expect inflation to remain high in 2012 and maintain our 8.0% forecast.

To read the full article, please choose one of the following options: