Producer Price Index Drops by 0.49% During First Five Months of 2025 - Jordan News
The overall decline reflects continued deflationary trends in the industrial production sector, particularly in manufacturing.
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Jordan News
3 days ago
- Jordan News
Producer Price Index Drops by 0.49% During First Five Months of 2025 - Jordan News
The Producer Price Index (PPI) for the first five months of 2025 recorded a 0.49% decrease, reaching 106.86 points compared to 107.39 points for the same period in 2024, according to the monthly report issued Sunday by the Department of Statistics. اضافة اعلان When comparing cumulative data for January through May of 2025 with the same period in 2024: Manufacturing prices dropped by 0.56% Extractive industries prices decreased by 0.53% Electricity prices, however, rose by 0.57% May 2025 Figures: The PPI for May 2025 stood at 106.42 points, down from 107.92 points in May 2024—a year-on-year decrease of 1.39%. Key contributors to the annual drop in May included: A 1.87% decline in manufacturing prices A 2.81% increase in extractive industry prices A 2.16% increase in electricity prices Month-on-Month Comparison: Compared to April 2025, the May index also declined by 0.17%, falling from 106.60 to 106.42 points. This monthly decrease was driven by: A 0.19% drop in manufacturing prices A 0.88% drop in extractive industries A 0.92% rise in electricity prices The overall decline reflects continued deflationary trends in the industrial production sector, particularly in manufacturing.
Jordan News
5 days ago
- Jordan News
Consumer Price Index (Inflation) Rises by 1.98% in First Half of 2025 - Jordan News
Consumer Price Index (Inflation) Rises by 1.98% in First Half of 2025 The general Consumer Price Index (CPI), a key measure of inflation, reached 112.55 points in the first half of 2025, compared to 110.36 points during the same period last year—an increase of 1.98%. اضافة اعلان When comparing the cumulative CPI for the first half of 2025 with the same period in 2024, the following categories saw notable increases: Personal belongings: up 20.08% Tobacco and cigarettes: up 12.61% Fruits and nuts: up 8.50% Tea, coffee, and cocoa: up 7.42% Spices, food enhancers, and other edibles: up 5.37% According to the monthly report released Thursday by the Department of Statistics, the CPI for June 2025 stood at 112.98 points, compared to 110.74 points in June 2024—an annual increase of 2.02%. In terms of commodity groups, the main contributors to the year-on-year CPI increase in June were: Personal belongings Tobacco and cigarettes Fruits and nuts Tea, coffee, and cocoa Spices, enhancers, and other food items Meanwhile, the groups that helped offset the rise in inflation included: Furniture, carpets, and bedding Household tools Fish and seafood Home appliances On a monthly basis, the CPI for June 2025 rose slightly to 112.98 points, up from 112.77 points in May, representing a 0.19% increase. The most influential commodity groups contributing to the monthly increase in June compared to May included: Communications Housing rents Personal belongings Meat and poultry Fish and seafood — (Petra)
Jordan News
6 days ago
- Jordan News
China's Inflation Rises for the First Time in 5 Months - Jordan News
Consumer prices (inflation) in China rose for the first time in five months in June, while producer prices continued to decline, reflecting the country's ongoing struggle with global trade tensions and weak domestic demand. اضافة اعلان According to data released by the National Bureau of Statistics on Wednesday: The Consumer Price Index (CPI) rose by 0.1% year-on-year in June, compared to a 0.1% decline in May, exceeding Reuters analysts' expectations of no change. On a monthly basis, the CPI fell by 0.1%, compared to a 0.2% drop in May, in line with economists' forecasts. Meanwhile, the Producer Price Index (PPI), which measures factory-gate prices, fell by 3.6% year-on-year in June, deeper than the 3.3% decline recorded in May and marking the sharpest drop since July 2023. Reuters had forecast a 3.2% drop. Export-Driven Sectors Face Growing Pressure China's export-reliant industries are under mounting pressure from global trade headwinds. Manufacturing prices in sectors such as computers, telecommunications, and electronics saw accelerated declines last month, signaling weak global demand. Uncertainty stemming from U.S. President Donald Trump's tariff policies has further clouded the outlook for export-reliant firms, especially given persistent weak domestic consumption. Dong Liguang, chief statistician at the National Bureau of Statistics, said the drop in producer prices was partly due to severe weather impacting construction activity, putting pressure on raw material prices, according to Bloomberg News. Coal Demand Drops Amid Renewable Energy Expansion Factory-gate prices in coal mining and washing plunged 22% year-on-year, the sharpest decline since 2007. The decline is attributed to China's rapid expansion of renewable energy, reducing coal demand. On the consumer side, prices saw a modest uptick, supported by recovering oil and industrial commodity prices. The annual deflation rate in consumer prices eased from -1.0% to -0.5%. Gold, Textiles, and Electronics See Gains Gold and platinum jewelry prices rose 39% and 16%, respectively. Home textiles and electrical appliances also saw notable price increases. The decline in automobile prices slowed compared to previous months. The electronics and auto sectors likely benefited from a major government purchase subsidy program, though it was temporarily halted in some provinces last month due to funding shortages. Authorities have since pledged to inject additional funds to revive the program. Consumer Confidence Still Weak However, economists warn that Beijing must take more sustainable steps to restore consumer confidence. A new Bloomberg Economics consumer sentiment index showed that despite increased policy support since late 2024, overall public sentiment has remained subdued due to limited improvements in job prospects and income growth. Deflationary pressures have also worsened due to overcapacity in several sectors. Despite promises to cut production, analysts caution that "price wars" could persist for years as local governments try to avoid mass layoffs and their social consequences.
