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Jordan's inflation rises nearly 2% in first five months of 2025

Jordan's inflation rises nearly 2% in first five months of 2025

Roya Newsa day ago

Official data released Wednesday by Jordan's Department of Statistics revealed a rise in the country's inflation rate, with the Consumer Price Index (CPI) reaching 112.46 points during the first five months of 2025, compared to 110.29 points during the same period last year; an increase of 1.97%.
Key Goods Driving the Inflation Surge
According to the department's monthly report, the cumulative rise in the CPI through the end of May 2025 was largely driven by price increases across several major consumer categories:
Personal belongings: up 19.44%
Tobacco and cigarettes: up 12.62%
Fruits and nuts: up 7.77%
Tea, coffee, and cocoa: up 6.73%
Spices, condiments, and other food items: up 5.41%
Inflation Also Up Year-on-Year for May
On a monthly basis, the CPI for May 2025 stood at 112.77 points, compared to 110.58 points in May 2024, marking a year-on-year increase of 1.98%.
Offsetting Factors Ease Overall Pressure
Despite the overall uptick, some categories helped mitigate the rise in inflation. Among the groups that saw lower or stable prices were:
Household tools
Furniture, carpets, and furnishings
Fish and seafood
Household appliances
Jordan Allows Industrial Imports from Syria
In related economic news, Jordan has announced a decision to permit the import of industrial goods from Syria, part of an effort to diversify supply sources and boost bilateral trade.

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Jordan's inflation rises nearly 2% in first five months of 2025
Jordan's inflation rises nearly 2% in first five months of 2025

Roya News

timea day ago

  • Roya News

Jordan's inflation rises nearly 2% in first five months of 2025

Official data released Wednesday by Jordan's Department of Statistics revealed a rise in the country's inflation rate, with the Consumer Price Index (CPI) reaching 112.46 points during the first five months of 2025, compared to 110.29 points during the same period last year; an increase of 1.97%. Key Goods Driving the Inflation Surge According to the department's monthly report, the cumulative rise in the CPI through the end of May 2025 was largely driven by price increases across several major consumer categories: Personal belongings: up 19.44% Tobacco and cigarettes: up 12.62% Fruits and nuts: up 7.77% Tea, coffee, and cocoa: up 6.73% Spices, condiments, and other food items: up 5.41% Inflation Also Up Year-on-Year for May On a monthly basis, the CPI for May 2025 stood at 112.77 points, compared to 110.58 points in May 2024, marking a year-on-year increase of 1.98%. Offsetting Factors Ease Overall Pressure Despite the overall uptick, some categories helped mitigate the rise in inflation. Among the groups that saw lower or stable prices were: Household tools Furniture, carpets, and furnishings Fish and seafood Household appliances Jordan Allows Industrial Imports from Syria In related economic news, Jordan has announced a decision to permit the import of industrial goods from Syria, part of an effort to diversify supply sources and boost bilateral trade.

1.97% Rise in Inflation During the First Five Months of 2025 - Jordan News
1.97% Rise in Inflation During the First Five Months of 2025 - Jordan News

Jordan News

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1.97% Rise in Inflation During the First Five Months of 2025 - Jordan News

1.97% Rise in Inflation During the First Five Months of 2025 The Department of Statistics has released its monthly report on the Consumer Price Index (CPI), which recorded a 1.97% increase in inflation during the first five months of 2025 compared to the same period in 2024. اضافة اعلان At the monthly level, the index rose by 1.98% in May 2025 compared to May 2024, and by a slight 0.21% (less than one percentage point) compared to April 2025. Accordingly, the general Consumer Price Index for the first five months of 2025 reached 112.46, compared to 110.29 for the same period in 2024. On a monthly basis, the CPI for May 2025 reached 112.77, compared to 110.58 for May 2024, and 112.53 for April 2025. When comparing the cumulative CPI for the first five months of 2025 to the same period in 2024, the following groups recorded the highest increases: Personal belongings: 19.44% Tobacco and cigarettes: 12.62% Fruits and nuts: 7.77% Tea, coffee, and cocoa: 6.73% Spices, food enhancers, and other edibles: 5.41% As for the commodity groups that contributed most to the CPI increase in May 2025 compared to May 2024, they were: Personal belongings Fruits and nuts Tobacco and cigarettes Tea, coffee, and cocoa Spices, food enhancers, and other edibles Meanwhile, the groups that helped curb the overall increase included: Household tools Furniture, carpets, and linens Fish and seafood products Home appliances When comparing May 2025 to April 2025, the main contributors to the CPI rise were: Meat and poultry: 3.95% Fruits and nuts: 2.86% Clothing: 1.51% Tea, coffee, and cocoa: 1.38% Restaurants and hotels: 1.25%

Gold Rises Amid Uncertainty Over U.S.-China Trade Deal - Jordan News
Gold Rises Amid Uncertainty Over U.S.-China Trade Deal - Jordan News

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Gold Rises Amid Uncertainty Over U.S.-China Trade Deal - Jordan News

Gold Rises Amid Uncertainty Over U.S.-China Trade Deal Gold prices climbed on Wednesday as investor sentiment was shaken by ongoing uncertainty surrounding the U.S.-China trade agreement. This ambiguity boosted demand for safe-haven assets, with markets also awaiting key U.S. inflation data for further insight into economic trends. اضافة اعلان As of 03:50 GMT, spot gold rose by 0.5% to $3,339.60 per ounce, while U.S. gold futures increased by 0.5% to $3,361.20 per ounce. On Tuesday, U.S. and Chinese officials announced that they had agreed on a framework to revive their stalled trade truce, which includes lifting Chinese export restrictions on rare earth elements. However, there was little indication of a long-term resolution to the trade disputes that have persisted for years. Following two days of intense negotiations in London, U.S. Commerce Secretary Howard Lutnick said his team would present the framework to President Donald Trump for approval, while the Chinese delegation would seek the same from President Xi Jinping. 'We know U.S. and Chinese negotiators have agreed on a framework, but until it's signed off by Trump or Xi, uncertainty lingers. This uncertainty is supporting gold ahead of key inflation figures,' said Matt Simpson, senior analyst at City Index. The U.S. and China imposed mutual tariffs in April, triggering a trade war. Talks in Geneva last month led to a tentative agreement to reduce tariffs from their peak levels. On Tuesday, the World Bank downgraded its 2025 global growth forecast by 0.4% to 2.3%, citing rising tariffs and growing uncertainty as 'significant hurdles' for nearly all economies. Investors now await the U.S. Consumer Price Index (CPI) report, scheduled for release at 12:30 GMT, which may provide further guidance on the Federal Reserve's monetary policy trajectory. According to a Reuters poll of economists, the Federal Reserve is expected to hold interest rates steady for at least two more months, as inflation risks remain elevated, particularly due to President Trump's tariff policies. In other precious metals markets: Spot silver held steady at $36.56 per ounce Platinum remained flat at $1,222.14 per ounce Palladium rose 0.6% to $1,066.19 per ounce (Agencies)

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