Inflation as measured by the All-Jamaica Consumer Price Index (CPI) for July 2026 increased by 1.2%, continuing to out-pace government’s target.

The Statistical Institute of Jamaica (STATIN), which measures Jamaica’s inflation reports that the 1.2% rise was driven primarily by a 6.3% increase in the index for the ‘Transport’ division, due mostly to the implementation of the second phase of increases in route taxi and hackney carriage fares.

Additionally, the index for the ‘Food and Non-Alcoholic Beverages’ division increased by 0.6%. This was attributed to increase in prices of some agricultural produce such as, Irish potatoes, pumpkin, carrots and cabbage, which resulted in a 2.3% increase in the index for the class, ‘Vegetables, tubers, plantains, cooking bananas, and pulses’.

Also contributing to the monthly inflation rate was a 0.9% increase in the index for the ‘Housing, Water, Electricity, Gas and Other Fuels’ division, driven mainly by higher electricity, water and sewage rates.

The point-to-point inflation rate (July 2025 – July 2026) was 7.5%, ahead of the 4 to 6% target set by the Government of Jamaica and managed by the Bank of Jamaica. This was influenced mainly by the point-to-point inflation rates for the divisions: ‘Food and Non-Alcoholic Beverages’ (9.4%), ‘Transport’ (13.6%) and ‘Housing, Water, Electricity, Gas and Other Fuels’ (5.2%).

 The CPI measures changes in the general level of prices for consumer goods and services purchased by private households.