Jamaicans spent more money on imports during the first quarter of this year when compared to the corresponding period last year.
The Statistical Institute of Jamaica (STATIN) said expenditure on goods during January to March increased by 38.7 percent.
STATIN’s Director General, Carol Coy, revealed that total imports during the period under review were valued at US$1.826.3 billion, significantly up from the $1.316.9 billion spent during the corresponding period in 2021.
This increase, she said, was primarily due to “higher imports of fuel and lubricants, raw material, intermediate goods and consumer goods.”
She said these items increased by 42.1 percent, 41.1 percent, and 42.1 percent.
Readers Bureau, Contributor
Edited by Jesus Chan
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