Amman, Jordan— Jordan’s inflation shot up 4.22%, reaching to 106.68 points during the period from January to the end of November 2022, compared to 102.36 points during for the same period in 2021.
The Department of Statistics stated today in its monthly report that some of the most prominent commodity groups that contributed to the increase were fuel and lighting by 24.66% rise, transport by 5.73%, rents by 2.38%, culture and leisure by 9.50%.
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The department noted that the overall consumer price index for November this year rose by 4.99%, reaching 108.19 points, compared to 103.06 points in November 2021.
According to the report, the fuel and lighting group topped this rise by 35.32%, followed by the culture and entertainment rise by 10.51%.
Jordan’s inflation rate could finish considerably higher this year, however. The American credit ratings giant Fitch Solutions said in May that it predicts inflation to rise to 3.6% this year.
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Jordan has a particularly high rate of youth unemployment, which is around 30%, according to the United Nations. Unemployment is one of the causes of drug addiction among youth.
The inflation rate in Jordan remains much lower than that of some other Middle Eastern states. In Turkey, annual inflation recently went over 78%. Last month, Egypt’s annual inflation rose to 14.7%. In March, Lebanon’s annual inflation increased to a whopping 208%.
