Food replaces transport as inflation driver, says finance minister
Updated 5 hours ago
by Carolyn Guniss - Senior Business Reporter
Food replaces transport as inflation driver, says finance minister
Jamaica’s inflation problem has shifted from transport costs to drought-hit food prices, Minister of Finance and the Public Service Fayval Williams said on Wednesday, as she argued that the economy has weathered Hurricane Melissa better than expected. “So I’m going to speak about inflation because it’s important to speak about it. The story changed twice,” Williams told a post-Cabinet briefing. “After a Category 5 hurricane, you’d expect food prices to run away from you. They did not.”