AMMAN — During the first half of the current year, the
consumer price index (CPI) in Jordan reached 108.55, showing a notable increase
of 2.98 percent when compared to the same period in 2022.
اضافة اعلان
This overall increase can be attributed to several
categories of goods experiencing price hikes.
The consumer price index, considered the most widely used
measure of inflation, reached a record level of 108.83 in Jordan for the month
of June, as reported by the Department of Statistics.
This figure represents a 1.17 percent increase compared to
the same month in 2022, with various categories of goods contributing to the
rise.
Price increases in multiple categories drive inflation
The
surge in CPI was primarily driven by price increases in
goods such as dairy products, personal care items, rents, and various others.
These categories collectively accounted for 64.42 percent of
the relative importance. In contrast, certain categories, including vegetables,
meat and poultry, transportation, and beverages, saw a decrease in their
prices, contributing to 34.01 percent of the relative importance.
In June 2023, the CPI increase was primarily driven by price
increases in goods such as meat and poultry, clothing, and furniture, among
others, accounting for 44.05 percent of the relative importance.
Conversely, categories including fruits and nuts,
transportation, and personal care experienced a decrease in prices,
contributing to 40.11 percent of the relative importance.
Inflation for the first half of 2023 remains high
The cumulative consumer price index for the first six months
of 2023 stood at 108.55, indicating a significant increase of 2.98 percent
compared to the same period in 2022.
The upward trend in prices can be attributed to multiple
categories, such as fuel and lighting, health, education, and home maintenance
services. These categories collectively accounted for 82.04 percent of the
relative importance.
However, some categories, including vegetables, spices, and
clothing, witnessed a decrease in prices, contributing to 16.40 percent of the
relative importance.
It is worth noting that the prices of the remaining
commodity groups did not undergo any significant changes during the mentioned
periods. Despite the overall increase in the consumer price index, some
categories experienced stability in their pricing.
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