Jamaica inflation rises to 6.7% as transport and food costs climb

Jamaica’s point-to-point inflation rate climbed to 6.7% in June 2026 as consumers faced increased transportation, food and housing expenses, according to the Statistical Institute of Jamaica. The All-Jamaica Consumer Price Index rose by 0.8% during the month.

Transportation costs were pushed higher by an 8% increase in route taxi and hackney carriage fares, which took effect on June 2. The food and non-alcoholic beverages category advanced by 0.7%, reflecting higher prices for produce such as carrots, cabbage, onions and sweet peppers. Housing, water, electricity, gas and other fuels rose by 0.5% amid increased rents and electricity charges.

Meanwhile, the Jamaica Stock Exchange lifted its suspension of trading in Derrimon Trading Company Limited shares. The exchange said the decision was made under its Junior Market rules after DTL submitted its audited financial statements for 2025 and unaudited first-quarter report for the period ending March 31, 2026. Both documents were filed on July 10.

For the July 15 trading session, TransJamaican Highway Limited recorded 9,192,482 units, representing 32.20% of market activity. Wigton Energy Limited also traded 9,192,482 units, accounting for 32.2%, while Sagicor Select Funds Limited Financial recorded 2,607,016 units, or 9.13%. Investor interest remained concentrated in transportation, finance and distribution securities, including dividend-producing and strategic assets.

Bank of Jamaica foreign-exchange data for July 15 showed sustained demand for major currencies. The US dollar sold for $158.96 and was purchased for $157.48. The Canadian dollar traded at selling and buying rates of $112.79 and $112.33 respectively, producing a 46-cent spread. The British pound sold for $212.53 and was listed at a buying rate of $28.95, while the reported transaction spread was $3.58. Currency movements remain important for companies managing imports, overseas liabilities and other international exposure.

The report also advised borrowers that frequent reliance on high-interest credit cards, refinanced personal loans or microfinance facilities may indicate financial pressure, even when repayments are made on time. Such patterns can affect credit profiles and future lending decisions.

Entrepreneurs were also encouraged to maintain organised and transparent business data as artificial intelligence becomes more widely used in loan, investment and grant assessments. Strong financial records, measurable results and credible evidence of sustainable growth can improve prospects for securing loans, attracting investors and obtaining grants.