Statistical data from both local and international sources indicate that Jordan’s inflation rates over the past five years were generally lower than global averages. Inflation in the Kingdom averaged 2.198%, compared with a global average of 5.194%.
The figures suggest that Jordan successfully contained the wave of rising prices that affected economies worldwide between 2021 and the end of 2025.
The global inflation crisis began in 2021 as economic activity rebounded following the easing of the COVID-19 pandemic and demand for goods increased. Global inflation rose to 3.48%, while Jordan maintained a relatively low rate of just 1.35%.
In 2022, the world experienced the peak of the crisis due to shipping disruptions and soaring global energy prices, pushing global inflation to 7.93%. Despite these pressures, Jordan demonstrated considerable resilience, recording an inflation rate of 4.23%, supported by government measures, subsidies on essential goods and petroleum derivatives, and decisions taken by the Central Bank of Jordan.
Throughout the pandemic, Jordan’s domestic market avoided shortages of goods despite disruptions to supply chains and transportation networks and rising shipping costs. Local industries continued operating, ensuring the availability of essential products, particularly food items and sanitation supplies.
As central banks around the world began raising interest rates in 2023 to cool inflationary pressures, global inflation eased to 5.73%. Jordan’s inflation declined more rapidly, reaching 2.08%, aided by prudent monetary policies implemented by the Central Bank.
The trend continued in 2024, with Jordan’s inflation falling further to 1.56%, benefiting from improvements in global shipping and supply chains, while global inflation stood at 4.70%.
By the end of 2025, global inflation remained around 4.1%, driven by persistent price pressures in service sectors across advanced economies. In contrast, Jordan recorded only a slight increase, with annual inflation reaching 1.77%, largely due to price changes in non-essential consumer goods.
The trajectory of inflation in Jordan over the past five years indicates that proactive measures and flexible monetary policies adopted by the Central Bank helped maintain price stability and support a stable economic environment despite regional and global challenges.
According to the Central Bank of Jordan, inflation in 2025 remained in line with forecasts at below 2%, with expectations that it will remain around the same level in 2026, helping preserve purchasing power and strengthen the investment climate.
Since regional tensions escalated at the end of March, the region has experienced one of its most significant economic shocks in decades due to military operations and disruptions to navigation through the Strait of Hormuz. The crisis led to rising shipping costs, higher fuel and fertilizer prices, slower economic growth, and mounting inflationary pressures that threatened food security in importing countries.
According to the latest World Bank report, the conflict in the Middle East and resulting supply chain disruptions have pushed global inflation higher again, with overall inflation expected to approach 4% in 2026. The increase is being driven by a 22% rise in energy and commodity prices as well as higher shipping and maritime insurance costs.
These developments, outlined in the World Bank’s Global Economic Prospects report, prompted the institution to lower its global growth forecast to 2.5% for 2026, compared with 2.9% in 2025, citing concerns over stagflationary pressures.
The latest report from Jordan’s Department of Statistics showed that inflation in the Kingdom fell to 1.88% during the first five months of 2026, compared with 1.97% during the same period in 2025.
International data also showed that inflation reached 32% in Turkey in May 2026 and 13% in Egypt. Inflation rates in Tunisia, Russia, and Brazil stood at 5.5%, 5.3%, and 4.4%, respectively.
Australia and the United States recorded identical inflation rates of 4.2% in May, followed by South Africa at 4%.
Inflation in both the Eurozone and the Sultanate of Oman stood at 3.2%, while South Korea recorded 3.1%. Canada and the United Kingdom both registered inflation rates of 2.8%.
Among the countries listed, Saudi Arabia and Morocco recorded the lowest inflation rates in May at 1.7% each, while the United Arab Emirates reported inflation of 1.4% during the first quarter of 2026.
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