The Bank of Jamaica (BOJ) says inflation this month is anticipated to mainly reflect increases in Food and Non-Alcoholic Beverages as well as Housing, Water, Electricity, Gas & Other Fuels.
However, in its latest outlook for the 2017/18 fiscal year it says inflation is still projected to fall within the target range of 4 to 6 percent.
Meanwhile, inflation for November is projected to reflect increases in Food and Non-Alcoholic Beverages as well as transportation.
According to the Central Bank's latest Short term Inflation Analysis and Forecast the increase in Food and Non-Alcoholic Beverages is expected due to higher non-processed food prices stemming from the impact of excessive rainfall.
It says the upward impulse for the month is also expected to emanate from higher petrol rates.
A decline in Housing, Water, Electricity, Gas & Other Fuels due to an appreciation in the exchange rate as well as a reduction in the fuel charge for energy, is expected to partly offset inflation for November.
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