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

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

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 120.0 in September 2017 against 115.94 for September 2016 recorded an increase by 3.5%..The main commodities groups, which contributed to this increase, were “Transport” 15.4% representing 2.0 percentage point “Rents” 2.9% representing 0.5 percentage points,  “Tobacco and cigarettes” 6.8% representing 0.3%, “culture and entertainment” 7.2% representing 0.2%, “Personal Care” 5.6% representing 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “poultry  and meats” 5.8%, “clothes” 1.4%,” fish and sea  products” 1.4% and “personal belongings” 2.1%.

The Consumer Price Average for September 2017 has increased by 0.7% compared with the previous month (Aug) 2017.The main commodities groups which contributed to this increase were “transport” 3.7% representing 0.5 percentage point, “Vegetables, Dried and Canned Legumes” 7.0% representing 0.2 percentage points “educations” 1.4%” representing 0.1 percentage point,“ dairy products and eggs” 1.4% representing 0.1 percentage points and “fruits and nuts” 1.8% representing 0.1 percentage points. Meanwhile, the main groups which witnessed a decrease in their prices were “poultry  and meats” 3.5%, “ clothes” 0.3%, “fish and sea  products” 0.2% and “shoes” by 0.2%”.

The report also shows that the Consumer Price Average for the 1st nine months of 2017 has increased by 3.3% while it was (1.1%) in 2016. The main commodities groups which contributed to this increase were “Transport” 13.5% representing 1.7 percentage points, “rents” 2.4% representing 0.4 percentage points, “Tobacco and cigarettes” by 8.3% representing 0.001, “Culture & Entertainment” by 8.8% representing 0.2 percentage points, “Vegetables, Dried and Canned Legumes” by 5.1% representing 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “meat & poultry” 6.7%, Fruits and nuts” 3.3%,“Clothes” 2.9%, and “cereals” 0.3%.

As for the core inflation of the consumer Price index for August 2017 (which is calculated after excluding the most fluctuating commodities’ prices of food, fuel and lighting and transport group) it has reached 126.3 recording an increase of 2.8 as compared with the same month of 2016.

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