The effect of inflation on each household is unique because no two households are exactly alike, and households combine the goods and services they use in different ways. The items in the ‘basket’ of goods and services used in calculating the consumer price index, or CPI, are placed into 13
The Bank of Jamaica, BOJ, says its trial run for the roll-out of its still unbranded central bank digital currency, CBDC, has been a success despite its take-up by only one financial institution. National Commercial Bank Jamaica, NCB, was the only payment service or wallet provider that was ready to
The Statistical Institute of Jamaica (STATIN) is reporting third-quarter calendar year growth of 5.8 per cent for July to September 2021, compared to the corresponding period in 2020. In a statement on Friday (December 31), STATIN said the outturn was attributable to growth in the services and goods-producing industries, up
Transport and Mining Minister Robert Montague (second left) conducts a test of the new online training application for Public Passengers Vehicle (PPV) operators, ‘Transport Authority (TA) PPV Driver Train’. Looking on from left are: Co-founder and Chief Executive Officer EduFocal Limited, Gordon Swaby; Managing Director, British Caribbean Insurance Company, Peter
Coming off a year that saw motorcyclists accounting for 34 per cent of the 482 road users killed, day two in the New Year continued along the fatal path with a crash in Trench Town. A motorcyclist identified as 20-year-old Ramarco Miller died, and another man was seriously injured along
An important requirement for motor vehicle ownership is insurance. Apart from it being mandatory, it provides significant benefits to motorists in the event of theft, damage, injury or death, depending on the type of coverage. Insurance coverage is either third-party or comprehensive. Third-party compensates for one’s legal liability for property
