Jamaica registered an inflation rate of 0.5% MoM in December, a deceleration from the 1.6% rise in November. Annually, the headline inflation rate ended the year at 6.9%, increasing from 6.3% the previous month. This rate persisted outside the central bank’s target range of 5% ± 1% for two consecutive months. In a recent monetary policy quarterly press conference, the bank indicated that inflation was expected to exceed the target range in the short term, with risks to inflation leaning towards the upside.