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FINANCIAL NEWS
Jordanian consumer prices up 4.9% in April
12 May 2010
(MENAFN) The Jordanian Department of Statistics said in a statement that the kingdom?s annual inflation rose 4.9 percent year-on-year in April compared to the same period last year, Reuters reported.
Compared with a month earlier, however, the April consumer price (CPI) index rose 0.04 percent on the back of rise in some major food components of the index.
Inflation fell sharply last year to around 3 percent amid falling energy prices and weaker domestic demand during the global economic downturn, after hitting double digit levels in 2008 on the back of record oil and commodity prices.
It is forecast to hover around 4 to 5 percent this year as the economy faces a contraction.
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