1.68% the Average increase of the Inflation Rate for January 2020

1.68% the Average increase of the Inflation Rate for January 2020

Within the framework of updating and developing statistical data, the Department of Statistics has updated the base year of the consumer price index to be 2018 instead of 2010 based on the results of the 2018 Household Income and Expenditure Survey, which has provided a new structure for family spending that reflects the changes in the pattern of family consumption in Jordan, As 2010 was the base year for the index, while the international experiences recommend modifying the base year every five years.

Data related to the annual general consumer price index for January 2020 reached 101.57 in January 2020 against 99.89 during the same month of 2019 recording an increase by 1.68%. The main commodities groups which contributed to this increase were “Transport” by 0.77 percentage points, “Rents” by 0.22 percentage points , “Fruit &Nuts” by 0.20 percentage points, “Vegetables, Dried and Canned Legumes” by 0.13 percentage points and “Education” 0.12 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Clothes” by 0.09 percentage points, “Tobacco and Cigarettes” by 0.08 percentage points, “Oil &fats” by 0.04 percentage points and “Tea, Coffee and cacao” by 0.01 percentage points.

On the monthly level, the Consumer Price index for January 2020 has increased to reach 101.57 against 101.52 for the same month of 2019 recorded an increase by 0.05%. The main commodities groups which contributed to this increase were “Vegetables, Dried and Canned Legumes” by 0.10 percentage points, “ Transport” by 0.05 percentage points, “Culture &Recreation”, “ Personal luggage” and “ Fuel &lighting” by 0.01 percentage points for each. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “Meat &Poultry” by 0.10 percentage points and “Dairy and its products and eggs”, “Fruits &Nuts” and “Sugar &its products” by 0.01 percentage points for each.
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