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FINANCIAL NEWS
Jordan’s inflation reaches 4.8% by September-end
15 Nov 2010
(MENAFN) Jordan’s Department of Statistics (DoS) announced that the Kingdom’s inflation rate reached 4.8 percent by October-end during the current year, as opposed to 0.92 percent during the corresponding period a year earlier, Jordan Times reported.
The mentioned increase comes as a result of a price rise of several commodities and services such as transportation by 13.2 percent, fuel by 7 percent, sugar by 16.6 percent, rentals by 3.6 percent, and meat and poultry by 6.3 percent, the data showed.
However, according to the report, prices of telecommunications services dropped by 4.6 percent, dairy products and eggs by 2.2 percent, also, cooking oil prices dropped by 1.4 per cent.
When comparing October of this year with the preceding month of September, the report indicated that the Consumer Price Index (CPI) which is a measure of inflation, grew by 1 percent due to a price increase in vegetables by 10.7 percent, education by 1.4 percent, meat and poultry by 0.9 percent, dairy products and eggs by 1.6 percent, and sugar by 2.3 percent.
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