Jordan’s CPI inflation slows to 5.8% y/y in June 2013

By bne IntelliNews July 10, 2013

Jordan's CPI inflation retreated to 5.8% y/y in June from 7.1% the month before, state news agency Petra reported on July 10, citing a statement from the stats office DoS. The latter has not published yet an official breakdown by sector. Higher fresh produce, transport and utilities prices remained the main growth engine of CPI in Jordan. Food prices account for 36.6% of the inflation basket.

In monthly terms, the CPI reportedly rose 0.8% m/m compared with a 0.9% contraction in May. Jordan’s CPI inflation will likely accelerate in July and August due to the fasting month of Ramadan, which started on Wednesday July 10, when local demand for food, clothing and entertainment usually peaks.

In Jan-June, CPI inflation averaged 6.5% y/y. Transport prices climbed 15.8% in H1 as the government liberalised fuel costs that are now adjusted on a monthly basis for crude oil price variations. Fresh vegetable charges rose 14.2% in January-June while utilities costs jumped 24.5%. Rent prices rose 3.0% in H1.

Related Articles

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

Saudi Arabia mulls investments in Turkmen oil and gas

Saudi Arabia's Energy Minister Khalid al-Falih said on November 8  that "there are areas of investment for leading companies in Saudi Arabia in Turkmenistan." ... ... more

Iranian-style KitKat may be headed for EEU as part of free trade deal

Iran is set to export biscuits and chocolate as part of a broader free trade deal with Eurasian Economic Union (EEU) states, Tehran’s Financial Tribune daily reported on November 1. Iranian ... more