Taxi fares, food push inflation to 29-month high
Business
Finance
July 15, 2026
Share this article
Click to view full size
KINGSTON, Jamaica — Jamaica’s annual inflation rate accelerated to 6.7 per cent in June, its highest level since January 2024 and above the Bank of Jamaica’s (BOJ) target ceiling, as higher route taxi fares added to steep food-price increases and rising household costs.
The point-to-point rate rose from 5.5 per cent in May and exceeded the BOJ’s target range of four to six per cent for the first time since February 2024.
Data released Wednesday by the Statistical Institute of Jamaica (STATIN) showed that the Consumer Price Index increased by 0.8 per cent during June, slowing from the 1.6 per cent monthly increase recorded in May.
Business
Finance
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
