Tag: inflation

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 […]

Jamaica

Jamaica — 2.3 Percent Inflation In September

According to JIS News, the Statistical Institute of Jamaica (STATIN) reports that the inflation rate for September 2021 was 2.3 percent. Director-General, Carol Coy, said that the out-turn was largely due to a 3.0 percent increase in food and non-alcoholic beverages, the heaviest weighted division in the consumer price index (CPI). “This is the largest increase recorded for this division […]

NEWS

U.S. Inflation Continues Upward Trend

The U.S. inflation continued to climb in May as prices for used cars and energy increased. Consumer prices jumped five percent in the 12 months to the end of May, up from 4.2% percent the month before. The recent figures from the U.S. Labor Department show the biggest year-on-year increase since August 2008. Many financial analysts have expressed the view […]

BUSINESS

The Invisible Hand Lifts U.S. Inflation Up

The U.S. inflation jumped in April from a year earlier as the economic activities picked up following the uptake in vaccination and tapering of the COVID-19 pandemic. Consumer prices surged 4.2% in the 12 months through to April, up from 2.6% in March and marking the biggest increase since September 2008. The latest report from the U.S. Labor Department comes […]

NEWS

Fed Raises Rates Amidst Job Gains, Steady Inflation And Strong Consumers Confidence

Janet Yellen, the Chair of the Board of Governors of the Federal Reserve System, said the decision to make another gradual reduction in the amount of policy accommodation reflected the economy’s continued progress toward the employment and price stability. Furthermore, she said that the following factors have contributed to the fed’s decision to increase the rate at this time: 1. […]