Date: July 11, 2019 The Consumer Price Index for All Urban Consumers (CPI-U) recorded a 0.1% increase in June on a seasonally adjusted basis, the same increase as in May according to the U.S. Bureau of Labor Statistics report released today. Over the last 12 months, the all items index increased 1.6% before seasonal adjustment.
Date: July 03, 2019 For the period of April to May 2019, the GOJ reported Total Revenues & Grants of $93.60 billion, $2.31 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 10.7% relative to the $84.59 billion recorded for the corresponding period in 2018. ‘Tax Revenue’ and
June 27, 2019 BANK OF JAMAICA HOLDS POLICY RATE UNCHANGED Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight balances with Bank of Jamaica) unchanged at 0.75 per cent per annum, effective 28 June 2019. The decision to hold the policy rate unchanged is based on the
Date: June 27, 2019 Please see attached Monthly Economic Review. Monthly Economic Review - May 2019 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents
Date: June 27, 2019 Brent Oil Brent oil prices increased by 1.63% or US$1.05, as prices increased this week relative to the prior week. Oil traded on June 27, 2019 at a price of US$65.50 per barrel relative to US$64.45 on June 20, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices
Date: June 19, 2019 Based on the latest information received by the Federal Open Market Committee (FOMC) since May, the FOMC has noticed the labour market remained strong, whilst economic activity has been rising at a solid rate. According to the FOMC, “on average, in recent months job gains have been strong and the unemployment
Date: June 18, 2019 Consumer Price Index – May 2019 The consumer price index for the month of May 2019 recorded an inflation rate of 0.8%, following a 0.1% increase in its index for April 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of May rose to
Date: June 10, 2019 Jamaica’s Net International Reserves (NIR) totaled US$3,074.33 million as at May 2019, reflecting an increase of US$55.25 million relative to the US$3,019.08 million reported as at the end of April 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$43.17 million to total US$3,579.37 million
June 05, 2019 For the period of April 2019, the GOJ reported Total Revenues & Grants of $46.11 billion, $1.54 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11.4% relative to the $41.41 billion recorded for the corresponding period in 2017. ‘Tax Revenue’, ‘Non-Tax Revenue’ and ‘Grants’
Date: May 31, 2019 United States: Fed's Preferred Core-Price Gauge Picks Up as Spending Gains A crucial measure of U.S. inflation watched by the Federal Reserve picked up in April for the first time this year while Americans’ spending and incomes topped forecasts, offering some evidence that economic growth is both holding up and helping
