Jordan’s inflation hits 6.1% in December

11 Jan 2011

(MENAFN) Jordan’s Department of Statistics said that during December, the Kingdom’s inflation rate rose to 6.1 percent, compared to the corresponding period a year earlier, and registered a 1.2 percent climb, month on month, driven by a rise in transport, fuel and some major food and consumer items, Reuters reported.

According to official data, annual inflation in 2010 accelerated to 5 percent, year on year. Inflation picked up from 3.9 percent at the start of 2010 as commodities and oil prices increased.

Economists forecast Jordan’s inflation rate to rise above 6 percent in 2011, with upward pressure on commodities and oil prices, but the government has set a target at around 5 percent in this year’s budget.

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