Producer prices in Jordan increased 0.1 percent year-on-year in June of 2019, below a 1.5 percent rise in the previous month. It was the smallest producer inflation since February, as cost fell for manufacturing (-0.8 percent vs 1.1 percent in May) and electricity, gas, steam and air conditioning supply (-3.8 percent vs -2.1 percent). On the other hand, mining & quarrying prices advanced faster (12.8 percent vs 8.3 percent). On a monthly basis, producer prices fell 0.6 percent, after a 0.6 percent rise in May. Producer Prices Change in Jordan averaged 5.56 percent from 2003 until 2019, reaching an all time high of 90.30 percent in August of 2008 and a record low of -35.40 percent in August of 2009.
Producer Prices Change in Jordan is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Jordan to stand at 4.50 in 12 months time. In the long-term, the Jordan Producer Prices Change is projected to trend around 5.50 percent in 2020, according to our econometric models.