BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com

Bank of Jamaica Governor Bryan Wynter says that inflation fell to a historic low of three per cent during the first quarter of 2016 (January-March).

“This is lower than the 3.7 per cent recorded at December 2015, and the four per cent at March 2015,” he told yesterday’s Quarterly Monetary Policy Report press briefing at the bank’s downtown Kingston headquarters.

“It was also well below the bank’s target range of 5.5 percent to 7.5 percent for financial year 2015/16, and represents the lowest fiscal outturn since financial year 1966/67,” Wynter stated.

According to the report, contributing to the inflation out-turn for the fiscal year was a fall of 1.3 per cent in consumer prices in the quarter.

http://www.jamaicaobserver.com/business/BOJ-says-inflation-falls-to–historic-low–_62194