Brent Oil Brent oil prices increased by 1.99%, as prices increased this week. Oil traded on September 28, 2017 at a price of 57.41 (US$/ barrel).Brent oil price opened the year at 56.90(US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 0.19% or ($0.22) . Additionally 90 Octane declined by 0.18% week
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between July 17th and August 04th 2017. July’s survey indicated the expected inflation rate for 2017 is 1.8% for the calendar year, lower than the previous survey outturn (see Figure 1). Notably, the expected rate of 1.8% for 2017
Brent Oil Brent oil prices increased by 2.05%, as prices increased this week. Oil traded on September 21, 2017 at a price of 56.29 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 0.94% . Additionally 90 Octane declined by 0.92% week over week. 87 Octane and 90 Octane opened the year
The International Monetary Fund (IMF) recently concluded its visit to Jamaica and announced, “all quantitative performance criteria and structural benchmarks as at June 2017 were met.” The IMF noted, “the Jamaican economy is rebounding, despite weather swings” and the passing of the pension bill and public sector wage negotiations are crucial for “budgetary certainty and
Brent Oil Brent oil prices increased by 1.77%, as prices increased this week. Oil traded on September 14, 2017 at a price of 55.16 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.48% . Additionally 90 Octane declined by 1.44% week over week. 87 Octane and 90 Octane opened the year
Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
The Bank of Jamaica (BOJ) released its short-term inflation analysis and forecasts on September 04, 2017. The latest data released showed an inflation rate for July 2017 of 0.6% which was driven mainly by movements in the Food and Non-Alcoholic Beverages division which recorded a 1.2% increase respectively. The Statistical Institute of Jamaica (STATIN) reported
During the period January to June 2017 the Jamaica’s trade deficit worsened to US$2,046.4 million, increasing by US$383.9 million or 23.1% relative to US$1,662.5 million for the corresponding period in 2016. According to the Statistical Institute of Jamaica (STATIN), the total spend on imported goods amounted to US$2,720.6 million, an increase of 19.9% or US$451.8
U.S. jobs report was released by the Bureau of Labor Statistics on Friday. The report highlighted an increase in total nonfarm payroll employment by 156,000 in August. This resulted in the unemployment rate being 4.4%, and the number of unemployed persons totalling 7.1 million according to the Bureau. The report further states, “employment growth has
Brent Oil Brent oil prices declined by 3.25%, as prices increased this week. Oil traded on August 30, 2017 at a price of 50.86 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.62% . Additionally 90 Octane declined by 1.58% week over week. 87 Octane and 90 Octane opened the year
