Jamaica

IMF — Jamaica’s Inflation Rate To Hit 8.8 Percent

The International Monetary Fund (IMF) says it expects inflation in Jamaica to increase to 8.8 percent by the end of 2021.

It has projected movement in prices to recede to 6.7 percent in 2022.

However, according to press reports, the IMF said there are significant risks that could push inflation higher.

The Washington-based financial institution said global inflationary pressures may last longer and be more intense than currently expected, and pass-through of global food and energy prices to local inflation may be stronger than projected.

Readers Bureau, Contributor

Edited by Jesus Chan

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