Jordan’s annual inflation rate accelerated for the third straight month to 4.4 percent in May of 2022, from 3.6 percent in the previous month. It was the highest reading since November of 2018, mainly due to rising prices of restaurants & hotels (9.2 percent vs 1 percent in April); recreation & culture (6.8 percent vs 6.1 percent); housing (5.7 percent vs 5.4 percent); transportation (5.6 percent vs 4.5 percent) and food & non-alcoholic beverages (5.5 percent vs 4.1 percent). On a monthly basis, consumer prices were up 0.5 percent, following a 1.2 percent increase in the prior month. source: Central Bank of Jordan
Inflation Rate in Jordan averaged 4.93 percent from 1977 until 2022, reaching an all time high of 37.50 percent in August of 1989 and a record low of -4.54 percent in December of 1983. 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 June of 2022.
Inflation Rate in Jordan is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jordan Inflation Rate is projected to trend around 1.50 percent in 2023, according to our econometric models.