Inflation in Jordan

Jordan - Inflation
Economic activity growth should have eased in Q1 2022, but momentum likely accelerated towards the end of the period. Annual industrial output expanded at a slower pace in Q1. That said, growth accelerated to a 10-month high in March, largely thanks to the manufacturing sector’s performance. Meanwhile, private spending should have been in a tough spot so far this year. The over 20% unemployment rate is likely dampening consumption. This, coupled with mounting price pressures through April—when inflation hit an over three-year high—should be restraining demand further. More positively, tourism numbers have started to pick up, and tourism revenues skyrocketed 251% year on year in Q1. The scrapping of more Covid-19 restrictions in late March should add further impetus to activity ahead.Jordan - Inflation Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %) | -0.9 | -0.8 | 3.3 | 4.5 | 0.3 |
Jordan Inflation Chart

Source: Department of Statistics Jordan.
Jordan Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 0.71 | 0.0 % | Nov 30 |
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