The Jamaican dollar continues to weaken against the US dollar, creating concerns for importers, distributors, and small businesses across the island.
At mid-day trading, the USD was being sold for an average of J$158–160 at commercial banks, depending on location. Financial analysts say pressures on global markets, rising shipping expenses, and ongoing supply chain issues are contributing to the fluctuation.
Small retail shops and supermarkets say they have been forced to adjust prices on several items, including rice, canned goods, toiletries, and electronics.
One hardware supplier in St. Catherine said customers should expect price increases on tools, cement, and paint in the coming weeks.
Economist Dr. Andre Thompson warned that if the trend continues, it could mean higher inflation next quarter.
“Households should monitor their spending carefully,” he said, “especially going into the Christmas period.”
The Bank of Jamaica is expected to issue a monetary policy update next week.
