Gas Price Movement August 17, 2017
Brent Oil Brent oil prices decreased by 3.61%, as prices declined this week. Oil traded on August 16, 2017 at a price of 52.27 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.10% . Additionally 90 Octane declined by 1.07% week over week. 87 Octane and 90 Octane opened the year at J$97.32 and J$98.98 respectively. Figure 1: Petrojam, U.S. Gulf Coast Conventional Gasoline Regular and Brent Crude Oil 1 Year Price History This Week in Petroleum EIA's Drilling Productivity Report initiates coverage of the Anadarko Basin To provide more complete coverage of U.S.
Consumer Price Index- July 2017
The inflation rate for the month July 2017 was 0.6 %, following an upward movement of 0.7% in June 2017. The division which recorded the highest movement for the month was ‘Food and Non-Alcoholic Beverages’ with a 1.2% growth. STATIN reported that the prolonged effect of the flood rains in mid-May continued to impact agricultural products. It caused an upward movement in the class ‘Vegetable and Starchy Foods.’ The 0.3% increase in the ‘Transport’ division also contributed to the inflation rate for the month which was attributable to an upward movement in the cost for air travel. The only division
Bank of Jamaica Quarterly Monetary Policy Report Press Briefing
April – June 2017 For the review period of April to June 2017 the Bank of Jamaica (BOJ) indicated that the Bank will move forward with its accommodative monetary policy stance. This policy according to Governor Brian Wynter, reflects the run of very low inflation over the last fiscal year. The Bank further predicts that its inflation target for the current fiscal year will be met. In addition to that BOJ transitioned its policy rate to a paid overnight deposits from the rate paid on the 30-day certificates of deposit. The bank highlighted that this new policy is a refinement