Consumer prices in Jordan decreased 0.2 percent year-on-year in May of 2020, following a 0.5 percent rise in the previous month. It was the first decrease in consumer prices since November of last year, as the coronavirus crisis continued to hurt demand. On a monthly basis, consumer prices went down 0.7 percent, after falling 1 percent in the previous month.
Inflation Rate in Jordan averaged 5.08 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 July 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.