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By the same token, too much inflation can slow down economic growth. High inflation increases the risk premium on financial investments. In a high inflation environment, uncertainty surrounding future inflation increases and the efficiency of price signals decreases. Consequently, financial investors demand an inflation risk premium. A higher
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Nov 15, 2021 · A shock to agricultural prices and an increase in regulated transportation costs affected inflation significantly in September 2021. Following the passage of two tropical storms in August 2021, the Jamaican consumer price index (CPI) reflected significant increases in the prices of some vegetables.
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Dec 14, 2021 · In commenting on inflationary expectations, he said that price increases will continue to exceed the 4.0 per cent-6.0 per cent target set by the Bank of Jamaica (BOJ), capping between 8.0 per...
Apr 15, 2024 · This was influenced by (i) a sharp increase in food inflation amid droughts, (ii) increased public passenger vehicle (PPV) fares, (iii) increases in telephone and internet rates, and (iv) a minimum wage increase of 44 percent (over the previous rate as of July 2023) coupled with tighter labor market.
Oct 2, 2021 · All the analyses show that the inflationary pressures we are experiencing are driven by factors external to Jamaica, such as global supply chain issues, international commodity prices, etc. This is cost-push inflation, not local demand-induced inflation, so raising interest rates domestically is not going to assuage those inflationary pressures.
Summary. In 2022, Jamaica’s economy continued towards a full recovery from the fallout of the pandemic. This was, however, tempered by high inflation which presented policymakers with the difficult trade-off of taming price increases against slowing the pace of the recovery.
Jan 25, 2022 · Most of the improvement in the fiscal balance was due to a reduction in interest payments, which fell by almost 11 percentage points to 6.3 percent of GDP. The primary balance increased by only 1.4 percent points. The reduction in interest payments was not just the result of the decline in debt.
