Annual inflation rate in Jordan increased 0.6 percent in December of 2019, after a 0.4 percent drop in the previous month. It was the highest inflation rate since January, as prices rebounded for food & non-alcoholic beverages (0.1 percent vs -1.7 percent in November) and transport (2.2 percent vs -2.2 percent). Meanwhile, housing cost slowed (0.7 percent vs 1.7 percent) while inflation was steady for education (at 2.0 percent). On a monthly basis, consumer prices rose 0.3 percent, the same as in the prior month.
Inflation Rate in Jordan averaged 5.12 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. 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.
Inflation Rate in Jordan is expected to be 2.30 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 2.50 in 12 months time. In the long-term, the Jordan Inflation Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.