The Inflation Expectation Survey(IES) is designed to collect information from the country’s business 
                                        leaderson their expectations of the future movement of prices, inflation, economic growth, interest rates, 
                                        employment and wages/salaries.  These expectations inform many of the actions of households, firms and 
                                        policy-makers including consumption and investment decisions which directly and indirectly affectinflation.
                                        Since 2006, the Statistical Institute of Jamaica on behalf of the Bank of Jamaica has conducted the 
                                        Inflation Expectation Survey. 
                                    
                                    
                                        Inflation is defined as “the overall general upward movement of the prices of goods and services in an 
                                        economy” (STATIN, Concepts and Definitions).In other words inflation effectively reduces the quantity 
                                        of goods that can be purchased with a given amount of money. The Bank of Jamaica, which is the Central 
                                        Bank, sets monetary policies such as interest rates etc. to achieve the inflation target set by the 
                                        Government. To effect this successfully, the Bank of Jamaica tries to anticipate what actual inflation 
                                        will be a year in advance by getting information on the expectations of different business and 
                                        household groups. The Inflation Expectation Survey provides this and other information to the Bank of 
                                        Jamaica.