Consumer prices in Jordan went down 0.6 percent year-on-year in June of 2020, after decreasing 0.2 percent in the previous month. Main downward pressure came from prices of housing & utilities (-3.8 percent vs -1.9 percent in May), namely fuels & lighting (-13 percent vs -13.4 percent) and transport (-5.3 percent vs -7 percent). In addition, inflation slowed mostly for food & non-alcoholic beverages (2 percent vs 3.8 percent), on account of vegetables (1.1 percent vs 11.4 percent) and meat & poultry (-3.6 percent vs 1 percent); and recreation & culture (0.9 percent vs 1.8 percent). On a monthly basis, consumer prices were up 0.1 percent, after decreasing 0.6 percent in the previous month.
Inflation Rate in Jordan averaged 5.07 percent from 1977 until 2020, 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. This page provides the latest reported value for - Jordan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Jordan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Inflation Rate in Jordan is expected to be 0.50 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 1.90 in 12 months time. In the long-term, the Jordan Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.50 percent in 2022, according to our econometric models.