Development of inflation rates in Jamaica
The inflation rate in Germany moved over the past years between 2.3% and 77.3%. For 2016, an inflation rate of 2.3% was calculated.
During the observation period from 1991 to 2016, the average inflation rate was 16.7%
per year. Overall, the price increase was 3,805.09 %. An item that cost 100 Dollar in 1990 was 2016 so charged 3,905.09 Dollar.
In only a very few countries, the price increase is that high. The rate of 77.3% in 1992 means, that compared to the previous year all prices have been increased by an average of 77.3%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Jamaica