Inflation rate in Jordan edged down to 0.2 percent in July of 2019 from 0.5 percent in the previous month. Housing & utilities cost slowed (1.7 percent vs 2.2 percent in June) while prices fell for transport (-2.6 percent vs -1.0 percent) and alcoholic beverages & tobacco (-3.0 percent, the same as in June). On the other hand, inflation was steady for food & non-alcoholic beverages (at 0.7 percent) and education (at 1.3 percent) while miscellaneous goods & services cost advanced faster (0.7 percent vs 0.6 percent). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.5 percent in the previous month. Inflation Rate in Jordan averaged 5.17 percent from 1977 until 2019, reaching an all time high of 32.91 percent in August of 1989 and a record low of -8.28 percent in December of 1994.
Inflation Rate in Jordan is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Jordan to stand at 1.30 in 12 months time. In the long-term, the Jordan Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.