THE central bank is forecasting that inflation could rise above the upper limit of its four to six per cent target range during the June and September 2026 quarters.

According to the Bank of Jamaica (BOJ), rising international oil prices are already placing upward pressure on electricity and transportation costs in Jamaica, with domestic fuel prices reflecting increases linked to ongoing geopolitical instability.

“The extent of the breach of the inflation target range will depend on the severity and duration of the Middle East conflict,” said BOJ Governor Richard Byles during a recent press briefing.