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Saturday, April 20, 2024
Today's News

Food prices in Jordan decreased by 2.5% in December: world Bank

Food prices in Jordan decreased by 2.5% in December: world Bank

A record by the Globe Bank said that food prices in Jordan reduced by 2.5% throughout December, to reach 0.6%, compared to 3.1% in November, each time when a regional food rate inflation is still high in different components of the globe.

According to the bank’s statistical information, food rates in Jordan, which imports food worth $4 billion annually, reached the greatest rate last Might at 5.8%, then was up to 4.1% in June, 3.9% in July, and afterwards to 3% in August, before climbing again to 3.2% last September, and 3.5% last October.

4.23% rising cost of living in the past year

The Globe Bank indicated, in various other analytical information, that rising cost of living in Jordan reached its highest degree in 4 years last August at 5.4% on an annual basis, before it supported fairly in September 2022, as well as according to the exact same information, real estate and also energies prices sped up to 9.4% on an annual basis last September, from 9.2% on a yearly basis in August, and also transport remained secure at 6.9% on an annual basis.

The Department of Statistics (DoS) released a record, in which it indicated that the general customer price index (inflation) in Jordan for the previous year amounted to 106.79 contrasted to 102.46 for the year 2021, recording an increase of 4.23%, due to the rise in the rates of group assets whose family member importance is 91.30%.

During the past month, the general customer cost index (rising cost of living) got to 108.05, compared to 103.54 for the very same month of December 2021, registering a rise of 4.36%.

The World Bank suggested that, within the framework of a detailed global action to the existing food protection situation, it authorized a $125 million project with Jordan for a project to support the advancement of the agricultural market by enhancing its resilience to climate change, raising competition as well as inclusiveness, as well as making sure food safety in the tool to long term.

Farming as well as grain prices

The agricultural and also grain price indices shut at 1% and 2% specifically from their levels 2 weeks back, while the exports index closed at the exact same level.

Corn as well as rice prices, which shut 3% and also 4% higher specifically, pushed up the cereal index, while wheat prices were down 1% from 2 weeks back.

Plant food costs have actually fallen from their height in early 2022 yet stay at historically high degrees.

The FAO Food Consumer Price Index, an action of the monthly change in worldwide prices for a basket of food assets, fell for the 9th month in a row, according to the FAO in a press release issued in January 2023.

It averaged 132.4 factors in December 2022, down 2.6 points from November as well as 1.3 points from December 2022.

For the whole 2022, the index averaged 143.7 points, up from 2021 by up to 18 points.

Last Updated:  05 February 2023

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