3.5% the Average Increase of the Inflation Rate for October 2017

3.5% the Average Increase of the Inflation Rate for October 2017

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 120.3 in October 2017 against 116.2 for October 2016 recorded an increase of 3.5%..The main commodities groups, which contributed to this increase, were “Transport” 11.9% representing 1.6 percentage points “Rents” 2.9% representing 0.4 percentage points, “Tobacco and cigarettes” 7.0% representing 0.3%, “Health” 12.0% representing 0.3%, “Culture and entertainment” 7.7% representing 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “meats and poultry ” 1.8%, “clothes” 3.5%,” Fruits and nuts” 3.2% and “Shoes” 1.9%.

The Consumer Price Average for October 2017 has increased by 0.2% compared with the previous month (Sep) 2017.The main commodities groups which contributed to this increase were “transport” 0.9% representing 0.1 percentage points, “health” 5.3% representing 0.1 percentage points “fruits and nuts” 1.7%” representing 0.05 percentage points,“ fuel and lightings” 0.7% representing 0.03 percentage points and “personal care” 0.4% representing 0.01 percentage points. Meanwhile, the main groups which witnessed a decrease in their prices were “clothes” 2.5%, “ dairy products & eggs” 1.2%, “vegetables and dries legumes” 0.3% and “meat and poultry” by 0.1%”.

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