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FINANCIAL NEWS
Inflation rate in Jordan grows by 3.7pct
14 Jul 2017
(MENAFN) Jordan’s inflation rate increased to 3.7 percent, which can be attributed to economic measures taken last year, involving taxes and removing subsidies for commodities.
Accordingly, inflation increased by 3.7 percent in the first half of this year compared to the same number posted last year.
Furthermore, the increase was attributed to a government decision last Dec to increase or add taxes to commodities.
The increase started at the start of the year, after the endorsement of the public budget, which involved levying new taxes and cutting subsidies.
MENAFN1407201700450000ID1095622311
MENAFN1407201700450000ID1095622311
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