Jordan’s CPI inflation slows to 5.5% y/y in July 2013

By bne IntelliNews August 13, 2013

Jordan's CPI inflation eased to 5.5% y/y in July 2013 from 5.8% the month before, the statistics office DoS said in a statement. Lower tobacco, cereals and edible oil prices helped curb the CPI inflation which remains fuelled mainly by rising transport and utilities costs.

Fresh vegetables prices climbed 12.9% y/y in July and those of meat and poultry increased 5.7% amid strong local demand during the fasting month of Ramadan which ended on August 8. Food prices account for 36.6% of the inflation basket. Utilities prices jumped 23.0% y/y in July as the government upped electricity costs. Rents rose 5.5% during the month. Tobacco charges fell 8.8% y/y and 8.8% m/m in July

In monthly terms, the CPI rose 0.5% m/m, down from 0.8% the month before.

In Jan-July, CPI inflation averaged 6.4% y/y. Transport prices climbed 14.7% over the period as the government liberalised fuel costs that are now adjusted on a monthly basis for crude oil price variations. Fresh vegetable charges rose 14.0% in January-July, while utilities costs jumped 24.2%. Rent prices rose 3.4%. 

Related Articles

Ankara and Tehran join wave of anger directed at Trump’s recognition of Jerusalem as Israel’s capital

US President Donald Trump's December 6 announcement that his administration has decided to unilaterally recognise Jerusalem as Israel's capital was described as “against international law” by ... more

Islamic State is finished declares Iran's President Rouhani

Iranian President Hassan Rouhani on November 21 declared the end of the so-called Islamic State militant and terrorist group following decisive battles in Iraq and Syria. Stating that he wished to ... more

Turkey the loser as Baghdad rewards Iran with control of Kurdish oil exports

Iran is taking control of oil exports from Iraqi Kurdistan's giant Kirkuk field with Baghdad authorising the move as a reward for the Iranians' help in quelling the Kurds' late September push for ... more

Dismiss