By Inflation Expectations Survey
The Statistical Institute of Jamaica (STATIN) undertakes surveys of businesses on behalf of the Bank of Jamaica to ascertain the expectations of these economic agents about variables which are likely to have an impact on inflation in the near-term. In this regard, the survey captures the perception of Chief Executive Officers, Managing Directors and Financial Controllers about the future movement of prices, current and future business conditions and the expected rate of
increase in wages/salaries. These responses assist the Central Bank in charting future policy decisions. The most recent survey was conducted between October and November 2012 and had 310 respondents. Below are highlights from that survey.
Figure 1: Inflation ExpectationsFor the calendar year 2011, the inflation rate was
6.0 per cent. What do you think the inflation rate will be for 2012?
Overview
