JIS News

The Statistical Institute of Jamaica (STATIN) has reported that Jamaica’s inflation rate for the month of August was 0.1 per cent.This compares with inflation rates of 1.6 per cent for July, 1.5 per cent for June, and 2.2 per cent for April, and according to Information Minister, Senator Burchell Whiteman, this represented a “dramatic slow down in the rate of inflation”.
The Minister, who was speaking yesterday (September 19) at the weekly post Cabinet press briefing at Jamaica House, told journalists that “every effort is being made to keep inflation in check”.
Minister Whiteman said that for September, there could be a movement in the rate as the purchasing of schoolbooks peaked, and the rise in fuel prices become more evident.
Meanwhile, in response to questions as to whether the government was considering retaking ownership of the Jamaica Public Service (JPS) Company from privatisation, Minister Whiteman said he was not aware of any such intention on the government’s part.
He said that Minister of Commerce, Science and Technology, Phillip Paulwell was mandated by Cabinet to continue to have discussions with the utility company, and return to the next meeting “with an update as to what the analysis of the situation with the JPS is, and what the Cabinet might be asked to do”.