Hike in taxi fares & public sector wage increases, among factors contributing to high inflation

The hike in taxi fares and public sector wage increases, are being cited among factors impacting inflation.

The Bank of Jamaica (BOJ) has noted that inflation will remain higher than targeted, until next year.

BOJ Governor Richard Byles gave the update during a press conference on Wednesday.

Byles added that deterioration in supply chain conditions could further impact inflation.

He noted that, the bank has opted to maintain its policy interest rate. 


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