AMMAN, Oct 10 (Reuters) - Jordan's inflation rate fell 3.3
percent year-on-year in September primarily due to lower energy
and transport costs in the oil importing kingdom, according to
figures released by the Department of Statistics on Saturday.
The consumer price index CPI turned negative in July and fell 0.36 percent marking its first decline on a year-on-year basis under current calculation methods dating from 2006.
But compared with August, the index was up 0.5 percent on the back of a rise in the fruits, beverages, meats and poultry baskets components of the index, along with transport costs.
Most of the drop in the consumer price index (CPI) in the last few months was due to falling energy prices and weaker domestic consumption as the kingdom suffers from the repercussions of the global downturn, analysts say.
The annual inflation rate has dropped from a peak of 14 percent in 2008 on the back of record oil and commodity prices. It is forecast to hover between 1 to 3 percent in 2009 as the economy faces a contraction this year.
The CPI index showed that transport costs fell year-on-year in September by 16 percent, followed by energy and lighting by 14.8 percent.
Sept 2009 Aug 2009
Month-on-month change (pct) 0.5 2.21
Year-on-year change (pct) -3.3 -2.3
Index (base 100= 2006)* 117.89 117.54
-- Compared to the previous month, the Sept CPI showed increases especially in prices of fruits (+5.7 percent), beverages (+9.6 percent), vegetables (+1.9 percent), meat and poultry (+1.1 percent), and transport (+0.40 percent).
-- They were partly offset by declines in dairy products and eggs (-1.6 percent), other foods (-0.1 percent) and spices and additives (-0.2 percent) costs.
(Reporting by Suleiman al-Khalidi; Editing by Andy Bruce)
($1 = 0.709 dinar) Keywords: JORDAN INFLATION (suleiman.al-khalidi@thomsonreuters.com,Reuters Messager: suleiman.al-khalidi.reuters.com@reuters.net; +96279 5521407) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The consumer price index CPI turned negative in July and fell 0.36 percent marking its first decline on a year-on-year basis under current calculation methods dating from 2006.
But compared with August, the index was up 0.5 percent on the back of a rise in the fruits, beverages, meats and poultry baskets components of the index, along with transport costs.
Most of the drop in the consumer price index (CPI) in the last few months was due to falling energy prices and weaker domestic consumption as the kingdom suffers from the repercussions of the global downturn, analysts say.
The annual inflation rate has dropped from a peak of 14 percent in 2008 on the back of record oil and commodity prices. It is forecast to hover between 1 to 3 percent in 2009 as the economy faces a contraction this year.
The CPI index showed that transport costs fell year-on-year in September by 16 percent, followed by energy and lighting by 14.8 percent.
Sept 2009 Aug 2009
Month-on-month change (pct) 0.5 2.21
Year-on-year change (pct) -3.3 -2.3
Index (base 100= 2006)* 117.89 117.54
-- Compared to the previous month, the Sept CPI showed increases especially in prices of fruits (+5.7 percent), beverages (+9.6 percent), vegetables (+1.9 percent), meat and poultry (+1.1 percent), and transport (+0.40 percent).
-- They were partly offset by declines in dairy products and eggs (-1.6 percent), other foods (-0.1 percent) and spices and additives (-0.2 percent) costs.
(Reporting by Suleiman al-Khalidi; Editing by Andy Bruce)
($1 = 0.709 dinar) Keywords: JORDAN INFLATION (suleiman.al-khalidi@thomsonreuters.com,Reuters Messager: suleiman.al-khalidi.reuters.com@reuters.net; +96279 5521407) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.