Inflation rate in Jordan increased to 0.4 percent in April 2019, after a flat reading in the previous month. Cost rebounded for transport (0.1 percent vs -0.9 percent in March) while prices fell less for food & non-alcoholic beverages (-0.2 percent vs -1.2 percent); clothing & footwear (-0.3 percent vs -1.2 percent) and for restaurants & hotels (-0.2 percent vs -0.3 percent). On the other hand, inflation was steady for housing & utilities (at 1.7 percent); education (at 1.3 percent) and health (at 1.4 percent) while prices rose at a softer pace for miscellaneous goods & services (0.8 percent vs 1.0 percent). On a monthly basis, inflation rate edged up to 0.6 percent, from 0.3 percent in March. Inflation Rate in Jordan averaged 5.20 percent from 1977 until 2019, reaching an all time high of 32.91 percent in August of 1989 and a record low of -8.28 percent in December of 1994.
Inflation Rate in Jordan is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Jordan to stand at 1.50 in 12 months time. In the long-term, the Jordan Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.