Latest news with #FoodSecurityActionPlan
Zawya
19-02-2025
- Business
- Zawya
Jordan: Inflation continues to drive food price increases, sparking concerns ahead of Ramadan
AMMAN: Food prices in Jordan have increased by 3.1 per cent in January, marking the third consecutive month of rising costs, according to the Department of Statistics (DoS). The uptick aligns with a broader surge in consumer prices, indicating persistent inflationary pressures. The latest World Bank report highlighted fluctuations in the Kingdom's price index, noting a 1.2 per cent increase in December and a 2.6 per cent rise in November. October saw a slight dip of 0.7 per cent, following a marginal 0.1 per cent uptick in September. Food prices had risen by 2.8 per cent in August, 2.6 per cent in July, 2 per cent in June, and 2.1 per cent in May. With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month. 'The prices of essential goods, particularly imports, have been steadily climbing, putting added pressure on both consumers and retailers,' said Waleed Ali, a supermarket owner in Amman. Many citizens are expressing frustration with the ongoing price hikes. 'We expect price increases before Ramadan each year, but this time, the rise feels more significant,' said Ahmed Rakan, a father of three. Khaled Odeh, an employee at a supermarket chain in Amman, said, 'Despite the rising prices, there are still many discounts and offers for Ramadan shoppers.' In response to growing concerns about food security, the Jordanian Food Security Council recently approved its Food Security Action Plan for 2025-2027. The council has also proposed elevating its status to the 'Supreme Council for Food Security,' which would be chaired by the prime minister, to strengthen its role in ensuring market stability and a sustainable food supply. As inflationary pressures persist, policymakers and industry stakeholders continue to monitor price trends closely, seeking measures to mitigate the economic impact on households ahead of Ramadan. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
18-02-2025
- Business
- Jordan Times
Inflation continues to drive food price increases, sparking concerns ahead of Ramadan
With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month (JT file) AMMAN — Food prices in Jordan have increased by 3.1 per cent in January, marking the third consecutive month of rising costs, according to the Department of Statistics (DoS). The uptick aligns with a broader surge in consumer prices, indicating persistent inflationary pressures. The latest World Bank report highlighted fluctuations in the Kingdom's price index, noting a 1.2 per cent increase in December and a 2.6 per cent rise in November. October saw a slight dip of 0.7 per cent, following a marginal 0.1 per cent uptick in September. Food prices had risen by 2.8 per cent in August, 2.6 per cent in July, 2 per cent in June, and 2.1 per cent in May. With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month. 'The prices of essential goods, particularly imports, have been steadily climbing, putting added pressure on both consumers and retailers,' said Waleed Ali, a supermarket owner in Amman. Many citizens are expressing frustration with the ongoing price hikes. 'We expect price increases before Ramadan each year, but this time, the rise feels more significant,' said Ahmed Rakan, a father of three. Khaled Odeh, an employee at a supermarket chain in Amman, said, 'Despite the rising prices, there are still many discounts and offers for Ramadan shoppers.' In response to growing concerns about food security, the Jordanian Food Security Council recently approved its Food Security Action Plan for 2025-2027. The council has also proposed elevating its status to the 'Supreme Council for Food Security,' which would be chaired by the prime minister, to strengthen its role in ensuring market stability and a sustainable food supply. As inflationary pressures persist, policymakers and industry stakeholders continue to monitor price trends closely, seeking measures to mitigate the economic impact on households ahead of Ramadan.
Jordan News
18-02-2025
- Business
- Jordan News
World Bank: Food Prices in Jordan Rise by 3.1% in January - Jordan News
For the third consecutive month, food prices in Jordan have continued to rise, registering a 3.1% increase in January, according to the latest World Bank report. The country's General Statistics Department also reported an increase in the consumer price index (inflation) for the same period. اضافة اعلان The World Bank report highlighted that Jordan's price index had risen by 1.2% in December and 2.6% in November, following a slight decrease of 0.7% in October. Prior to that, prices had experienced minor increases in September (0.1%), August (2.8%), July (2.6%), June (2%), and May (2.1%). Food Security Measures in Jordan The report praised Jordan's recent approval of its 2025-2027 Food Security Action Plan, endorsed by the Jordanian Food Security Council in late January 2025. The council recommended upgrading its status to the Supreme Food Security Council, under the Prime Minister's leadership, to strengthen its strategic role. Additionally, the council approved a food security development matrix and incorporated key indicators from global reports like SOFI and the Global Hunger Index. The council also discussed plans for establishing a regional emergency response center, based on a concept note prepared by the World Food Programme (WFP) at Jordan's request. The World Bank noted that the WFP is providing technical support to Jordan's Food Security Council, including a monitoring and evaluation framework to track progress in food security. Inflation and Global Trends According to the General Statistics Department, Jordan's consumer price index (CPI) rose by 2.29% in January 2025 compared to January 2024 and 0.42% from December 2024. The CPI for January 2025 stood at 112.23, up from 109.72 in January 2024 and 111.76 in December 2024. Global Economic Concerns The World Bank's latest Global Economic Outlook report (January 2025) warned of persistent economic stagnation, forecasting global growth at 2.7% until 2026. While this suggests some stability, the report states it is insufficient to significantly reduce poverty or address increasing food insecurity in low-income countries. Key challenges include high inflation, rising debt, and trade disruptions, all of which are exacerbating food insecurity. Since the Russia-Ukraine war, global food prices have been further strained due to export restrictions on food and fertilizers. As of February 2025, 17 countries have imposed 22 food export bans, while eight countries have implemented 12 export restriction measures. Food Insecurity Hotspots East Africa: 61.6 million people face food insecurity. West & Central Africa: Nearly 50 million people are food insecure. Global Inflation in Food Prices: 73.7% of low-income countries reported food inflation above 5% (up 1.5% from January 2025). 52.2% of lower-middle-income countries saw increases (up 8.7%). 38% of upper-middle-income countries remained unchanged. 5.6% of high-income countries saw a decrease in food inflation (down 1.8%). Agricultural Commodity Prices Corn and wheat prices rose by 3% and 5%, respectively. Rice prices dropped 10%. Annual trends: Corn: +10% Wheat: -6% Rice: -19% Since January 2020: Corn: +27% Wheat: -2% Rice: +14% The February 2025 "Market Monitor" report by the Agricultural Market Information System (AMIS) revealed that global wheat, rice, and soybean prices remain lower than a year ago, except for corn, which hit a 15-month high due to supply concerns. Funding Gaps for Food Security The "Food Crisis and Financial Flows 2024" report found that only 3% ($6.3 billion) of total development funding is allocated to food security, far below the 33% ($10.3 billion) dedicated to global humanitarian aid. A recent World Bank blog post highlighted five alarming statistics demonstrating the urgency of global food security and the crucial role of data innovations in combating hunger worldwide.
Ammon
18-02-2025
- Business
- Ammon
Food prices in Jordan rise 3.1% in January
Ammon News - Food prices in Jordan continued to rise for the third consecutive month, recording a 3.1% increase during January, while the Department of Statistics (DoS) recorded an increase in consumer prices (inflation) for the same month. The price index in Jordan recorded an increase of 1.2% and 2.6% during the past months of December and November, while it recorded a slight decline of 0.7% in October, after a very slight increase of 0.1% in September, these prices increased by 2.8% last August, by 2.6% last July, by 2% last June, and by 2.1% last May, according to a report by the World Bank. The report praised the Jordanian Food Security Council's (FSC) approval of the Food Security Action Plan 2025-2027 in late January 2025, as the council recommended upgrading its classification to the 'Supreme Council for Food Security,' with the prime minister as its chairman, as part of strengthening its strategic role. The Council approved the Food Security Action Plan for the years 2025-2027, and decided to circulate it to the relevant authorities to implement what is stated therein. The Council also approved the general framework of the development matrix, and added the food security indicators included in the SOFI and Global Hunger Index reports. It also discussed the most appropriate model for establishing a regional center for emergency humanitarian response, in accordance with the concept note prepared by the World Food Program at the request of the Council. The World Food Programme provides technical support to the Food Security Council, and has developed a monitoring and evaluation matrix to track progress in food security in Jordan, the bank explained.
