Jamaica's annual inflation rate fell to 5.41% in 2024, down from 6.47% in 2023, according to World Bank. This represents a decrease of 1.06% from the previous year. Jamaica has annual inflation rate higher than the global median (5.41% vs median 3.16%). Compared with the median in Americas, Jamaica is higher (5.41% vs regional median 3.29%) and ranks 5th out of 35 countries in Americas.

Year

Annual Inflation Rate (%)

2024

5.41%

2023

6.47%

2022

10.35%

2021

5.86%

2020

5.23%

2019

3.91%

2018

3.74%

2017

4.38%

2016

2.35%

2015

3.69%

2014

8.27%

2013

9.34%

2012

6.87%

2011

7.56%

2010

12.61%

2009

9.59%

2008

22.02%

2007

9.24%

2006

8.56%

2005

15.05%

2004

13.55%

2003

10.09%

2002

7.08%

2001

6.8%

2000

8.17%

1999

5.95%

1998

8.63%

1997

9.66%

1996

26.41%

1995

19.91%

1994

35.06%

1993

22.07%

1992

77.3%

1991

51.07%

1990

21.96%

1989

14.33%

1988

8.27%

1987

6.65%

1986

15.11%

1985

25.67%

1984

27.81%

1983

11.58%

1982

6.55%

1981

12.74%

1980

27.31%

1979

29.08%

1978

34.9%

1977

11.19%

1976

9.79%

1975

17.38%

1974

27.16%

1973

17.68%

1972

5.43%

1971

5.34%

1970

14.73%

1969

6.3%

1968

5.93%

1967

3.02%

1966

1.9%

1965

2.63%

1964

2.01%

1963

1.76%

1962

1.41%

1961

6.7%

1960

3.27%

Jamaica Annual Inflation Rate

Yearly Historical Data (1960-2024)