To broaden its range of inflation surveillance tools, the Bank of Jamaica (BOJ) has developed a complementary Consensus Inflation Forecast survey. 

In making the announcement at his quarterly news briefing yesterday, BOJ Governor Richard Byles says the survey provides an important forward-looking gauge of inflation dynamics by capturing the views of key private-sector professionals, who are either major price setters or who have informed views on the sources of price changes in Jamaica. 

“This morning, the results of this survey are being officially released. This information can assist businesses and households with their planning and risk assessment, while also providing the bank with additional valuable market intelligence to inform our policy deliberations,” Governor Byles remarked.

The most recent survey was conducted in December 2025. Respondents indicated that for the one-year ahead horizon, they expect inflation to accelerate on average, to 5.9 per cent relative to 4.0 per cent in the previous survey done in September 2025, with some respondents anticipating inflation above the 4.0 to 6.0 target range. 

However, at the two-year horizon, respondents expect a deceleration in inflation to 5.1 per cent, which is in line with the BOJ’s inflation target. 

The full results of the survey have now been published on the bank’s website today, encouraging stakeholders to review the report in more detail.