0.3% the Average increase of the Inflation Rate for 2019

0.3% the Average increase of the Inflation Rate for 2019

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 125.03 in 2019 against 124.66 during 2018 recorded an increase by 0.3%. The main commodities groups, which contributed to this increase, were “Rents” by 0.41 percentage points, “Cereals & its products” by 0.18 percentage points, “Education” by 0.10 percentage points , “Vegetables, Dried and Canned Legumes” by 0.06 percentage points and “Culture &Recreation” by 0.04 percentage points .
Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Dairy and its products and eggs” and “Transport” by 0.18 percentage points for each ,“ Tobacco and Cigarettes” by 0.11 percentage points and “Meat & Poultry” by 0.06 percentage points.
On the monthly level, the Consumer Price index for December 2019 has increased to reach 126.0 against 125.3 for the same month of 2018 recorded an increase by 0.57%. The main commodities groups which contributed to this increase were “Meat & Poultry” by 0.35 percentage points, “Fruits & Nuts” by 0.40 percentage points, “Transport” by 0.32 percentage points, “Rents” by 0.19 percentage points and “Education” by 0.11 percentage points. Meanwhile, the main groups which witnessed a decrease in their prices were “Vegetables, Dried and Canned Legumes” by 0.56 percentage points, “Dairy and its products and eggs” by 0.23 percentage points , “Tobacco and Cigarettes” by 0.16 percentage points and “Clothes” by 0.07 percentage points for each.

The Consumer Price index has increased to reach 126.0 against 125.6 for November 2019 by 0.3%. The main commodities groups which contributed to this increase were “Meat & Poultry” by 0.25 percentage points, “Fruits & Nuts” by 0.14 percentage points , “Transport” by 0.06 percentage points, “Vegetables, Dried and Canned Legumes” by 0.05 percentage points and “Hotels & restaurants” 0.01 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Rents” by 0.23 percentage points, “Dairy and its products and eggs” by 0.02 percentage points, “Sugar & its products” by 0.01 percentage points and “Oil & fats” by 0.003 percentage points.

As for the core inflation of the consumer Price index for December 2019 (which is calculated after excluding the most fluctuating commodities’ prices of food, fuel, lighting and transport group) it has reached 130.6 against 129.4, during the same month of 2018, recording an increase of 0.9%.On the accumulative level the consumer price index for 2019 reached 130.3 against 128.6 compared with the same period of 2018 representing an increase by 1.3%.
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