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Jamaica’s Inflation To Rise To 8.8% By Year-end, IMF Projects

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Jamaica's Inflation To Rise To 8.8% By Year-end, IMF Projects

The International Monetary Fund (IMF) says it expects inflation in Jamaica to increase to 8.8 per cent by the end of 2021.   It has projected movement in prices to recede to 6.7 per cent in 2022.   However, in its Article Four Mission statement published on Wednesday, 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.

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