Hyperinflation - A Worldwide Phenomenon

Recently, I took a road trip from Kingston to Montego Bay through the parishes of St. Thomas, Portland, St. Mary, St. Ann and Trelawny to enjoy "a likkle bit a mi yaad". I enjoyed a section of the new highway from Kingston to Port Antonio, the green vegetation-laden Blue Mountain range towering in its splendor in the distance and the powerful waves of the Caribbean Sea pounding the scenic coastline. Don’t ask, yes, I ate Boston jerk chicken and pork with a Red Stripe lemon beer, it was just mouth-wateringly delicious. It was an amazing and enjoyable trip, but it was also super costly. I felt assaulted by the high fuel prices. The drastic differences in fuel prices across the country 'hit mi fi six'. The prices for gas (E10 87) varied from a low of J$220/litre in Kingston to a high of J$244/litre in Montego Bay. On my recent travels to USA and Canada the prices of fuel were also very stupendously high. In Canada, gas prices have risen by 48% in the past year, and 12% in the month of May (cbc.ca). Clearly, these surging high gas prices are partly fueling the high inflation that is now a phenomenon worldwide.

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