Consumer prices in Jordan fell 0.6 percent year-on-year in August of 2020, the same as in July and marking the 4th straight month of deflation. Main downward pressure came from prices of housing & utilities (-3.4 percent vs -3.3 percent in July), namely fuels & lighting (-11.3 percent vs -10.8 percent); transport (-3.2 percent vs -2.5 percent); recreation & culture (-0.5 percent vs -0.2 percent). Additionally, inflation slowed for food & non-alcoholic beverages (0.1 percent vs 0.2 percent); and miscellaneous goods & services (2.5 percent vs 2.6 percent). On a monthly basis, consumer prices rose 0.1 percent, the same pace as in the prior month.
Inflation Rate in Jordan averaged 5.05 percent from 1977 until 2020, 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. This page provides the latest reported value for - Jordan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Jordan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Inflation Rate in Jordan is expected to be 0.50 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 1.90 in 12 months time. In the long-term, the Jordan Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.50 percent in 2022, according to our econometric models.