Jordan sees 0.6 percent food price rise amidst global inflation concerns

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Food prices in Jordan increased by 0.6 percent by the end of last July, according to a monthly report from the World Bank. This comes at a time when food price inflation remains high globally.اضافة اعلان

The report also indicates that food prices in Jordan had declined by 1 percent at the end of June and by 1.9 percent at the end of May. This follows a modest increase of 0.8 percent in April, Al Mamlaka TV reported.

In a previous bulletin issued last month, it was noted that the rise in food prices in Jordan in April was relatively minor and lower than the rates observed in the previous year. This is despite small increases of 0.7 percent in February and 1 percent in March. In May of the previous year, the inflation rate had reached 5.8 percent.

In its monthly report on the general Consumer Price Index (inflation) for August, the General Statistics Department reported an increase of 0.88 percent, which is less than one percentage point compared to the same month of 2022. Additionally, there was a slight increase of 0.20 percent. compared to the preceding month of the same year.

Cumulatively, the Consumer Price Index for the first eight months of this year witnessed a 2.45 percent increase compared to the same period in 2022.

Globally, food price inflation continues to be a concern in all regions of the world, as highlighted by the World Bank. The data collected between May and August of the previous year indicates an increase in inflation rates in many low- and middle-income countries, with inflation exceeding 5 percent.

Furthermore, 73.2 percent of high-income countries are grappling with high food price inflation.

The most affected countries are found in Africa, North America, Latin America, South Asia, Europe, and Central Asia. In real terms, food price inflation has surpassed overall inflation, which is measured as the change in the overall Consumer Price Index from year to year, in 81 percent of the 162 countries with available food and overall Consumer Price Index data.

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