Data Sources
Every statistic on BuyersMarket is backed by authoritative sources. Click through to verify our claims and see the data for yourself.
Economic Statistics
8.1% Food Inflation (2024)
Year-over-year inflation rate for Food and Non-Alcoholic Beverages division, December 2023 to December 2024.
5.0% Headline Inflation (2024)
Overall point-to-point inflation rate for Jamaica, December 2023 to December 2024.
J$400/hr Minimum Wage
Minimum wage increased to J$16,000 per 40-hour work week (J$400 per hour), effective June 1, 2025.
55.1% Food Insecurity
Percentage of Jamaica's population experiencing moderate or severe food insecurity between 2021 and 2023.
22-47% Income on Food (Low-Income)
Low-income households in Jamaica need between 22% and 47% of their earnings to obtain a healthy diet.
Market Data
Food Import Dependency
Jamaica's food imports account for approximately 20% of merchandise imports. The country relies heavily on food imports, with 70% of raw materials for food processors coming from imports.
16 Stores at 9 Chains, Collected Daily
We collect prices every day from Hi-Lo (6 stores), PriceSmart (2), Loshusan, Mastermac, Gibbo Trading, Fedlin, K&M Meats and Sampars. We also show 30 more stores with estimated price ranges (45 stores at 22 chains in all); those are never rated. The Consumer Affairs Commission's price survey is collected as a cross-check.
66,000+ Products Tracked
Unique products in our catalogue (about 58,000 priced in the last week), with more than 4 million price records since December 2025.
Government Data
CAC App Launch Date
CAC Jamaica mobile app launched on December 11, 2019. By December 2020, approximately 4,000 users had downloaded the app.
How We Gather Price Data
Partnership-First Approach
- •Direct data feeds from retailers who choose to participate (API integrations)
- •For non-partners: Automated monitoring of publicly displayed online prices
- •Robust validation: Machine learning outlier detection + manual spot-checking
Our Commitment
- •We respect robots.txt directives and rate limits
- •We only collect publicly available pricing information
- •We're actively seeking partnerships with retailers for official data sharing
- •All data undergoes quality verification before reaching users
A-B-C Rating Calculation
- •Analyzes 90 days of price history for each product
- •Compares current price to the historical median across all stores
- •A Rating: Significantly below the typical price (Grab It!)
- •B Rating: In the normal range (Fair Price)
- •C Rating: Above the typical range (Hold Off)
Community Contributions
- •Upload receipts to help verify and update prices
- •Report price discrepancies you notice in stores
- •Contribute to crowdsourced price checks
- •Help improve data accuracy for all users
Found an Error?
We're committed to accuracy. If you find a discrepancy in our data or sources, please let us know and we'll investigate immediately.
Challenge Our Data
We're confident in our accuracy. If you find a price that's wrong, we want to know—and we'll fix it publicly.
Submit a Price Challenge
Found a different price in store? Submit it with photo proof and we'll verify within 2 hours.
Get Rewarded
You earn 100 points toward Premium if your correction is verified. Help us improve accuracy for everyone.
Public Corrections
We publish all corrections publicly. No hidden algorithms. No excuses. Just transparent accuracy.
No hidden algorithms. No excuses. Just transparent accuracy.