4.7% the Average Increase of the Inflation Rate for November 2018

4.7% the Average Increase of the Inflation Rate for November 2018

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 126.1 in November 2018 against 120.4 during the same month of 2017 recorded an increase by 4.7%.The main commodities groups, which contributed to this increase, were “Transport” by 1.26 percentage points “Cereals and its Products” by 1.17 percentage points, “Tobacco and cigarettes” by 0.60 percentage points, “fuel and lighting” 0.46 percentage points and “Rents” 0.41 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Meat & poultry” by 0.26 percentage points, “ clothes” 0.04 percentage points, “Fruits & nuts” by 0.03 percentage points and “spices, food enhancers and other foods” by 0.02 percentage points.

The Consumer Price Average for November 2018 has increased by 0.8% compared with the previous month (October) 2018. The main commodities groups which contributed to this increase were “Vegetables, Dried and Canned Legumes” by 0.50 percentage points, “Meat & poultry” 0.20 percentage points, “Transport” by 0.07 percentage points, “Cereals and its products” and “Yoghurt and its products and eggs” 0.03 percentage points for each of them. Meanwhile, the main groups which witnessed a decrease in their prices were “Fruits & nuts” by 0.05 percentage points and “ Recreation” by 0.01 percentage points.
The report also shows that the Consumer Price Average for the first eleven months of 2018 has increased by 4.5% compared with the same period of 2017. The main commodities groups which contributed to this increase were “Transport” by 1.39 percentage points, “Cereals and their products” 1.02 percentage points , “Tobacco and cigarettes” by 0.64 percentage points, “Rents” by 0.42 percentage points and “fuel and lighting” by 0.40 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Vegetables, Dried and Canned Legumes” 0.12 percentage points and “clothes” 0.05 percentage points and “spices, food enhancers and other foods” and “footwear” by 0.01 percentage points for each of them.

As for the core inflation of the consumer Price index for November 2018 (which is calculated after excluding the most fluctuating commodities’ prices of food, fuel , lighting and transport group) it has reached 129.1 against 126.6 recording an increase of 2.0% during the same month of 2017.
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