3.2% the Average Increase of the Inflation Rate for Dec 2017

3.2% the Average Increase of the Inflation Rate for Dec 2017

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 120.8 in Dec 2017 against 117.0 for Dec 2016 recorded an increase of 3.2%.The main commodities groups which contributed to this increase, were “Transport” 12.2%  representing 1.6 percentage points, “Rents” by 2.9% representing  0.4 percentage points, “Tobacco and cigarettes” by 6.9% representing 0.3 percentage points, “fuel & lighting” 5.7% representing 0.3 percentage points and “health” by 6.3% or 0.1 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “fruits and nuts” 4.7%, “dairy products & eggs” 3.0%,”clothes” 2.8% and “shoes” 1.9%.

The Consumer Price Average for Dec 2017 has increased by 0.3% compared with the previous month (Nov) 2017.The main commodities groups which contributed to this increase were “meat and poultry” by 3.9% representing 0.3 percentage points, “Rents” by 1.3% representing 0.2 percentage points, “fuel and lighting” by 3.2%” representing 0.1 percentage points, “Transport” 0.6% representing 0.1 percentage points and “Oils and fats” 0.7% representing 0.01 percentage points. Meanwhile, the main groups which witnessed a decrease in their prices were “fruits and nuts” by 7.0%, “Vegetables, Dried and Canned Legumes” by 3.9%, “dairy products & eggs” by 1.4% and “cereals and their products” by 0.2%.

The report also shows that the Consumer Price Average for 2017 has increased by 3.3% compared with 2016. While the rate of change rate was (0.8%) in 2016 compared with 2015. The main commodities groups which contributed to this increase were “Transport” 12.9% representing 1.7 percentage points, “Rents” 2.6% representing 0.4 percentage points, “Tobacco and cigarettes” by 7.9% representing 0.3 percentage points, “Vegetables, Dried and Canned Legumes” 5.0% representing 0.2 percentage points, and “Health” by 8.5% or 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “meat & poultry” 5.0%, Fruits and nuts” 3.3%,“Clothes” 2.9%, and “Cereals and their products” 0.2%.

As for the core inflation of the consumer Price index for Dec. 2017 (which is calculated after the exclusion of the most fluctuated commodities in their prices regarding food and fuel and lighting and transport group) it has reached 127.3 recording an increase of 2.0 as compared with the same month of 2016 where it was 124.8.

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