Inflation Rises by 1.65% in First Five Months of 2024

Jordan's Consumer Price Index (CPI) increased by 1.65 percent in the first five months of 2024, reaching 110.29 points, up from 108.50 points during the same period last year, according to the Department of Statistics' monthly report released on Tuesday. The report identified the primary drivers of this inflationary trend as personal belongings (up 8 percent), water and sanitation services (up 7.34 percent), syndicate contributions (up 5.86 percent), tobacco and cigarettes (up 4.24 percent), and rents (up 4.12 percent). For May 2024, the CPI rose to 110.58 points, a 1.81 percent increase from 108.62 points in May 2023. The month-to-month comparison pinpointed key inflationary pressures from personal belongings (up 10.75 percent), water and sanitation services (up 7.34 percent), meat and poultry (up 6.46 percent), syndicate contributions (up 5.86 percent), and rents (up 4.12 percent). Conversely, declines in oils and fats (down 2.44 percent), clothing (down 1.63 percent), furniture, carpets, and bedding (d own 1.24 percent), and home textiles (down 1.20 percent) provided some offset to the overall rise in inflation. Source: Jordan News Agency