Inflation up 2.97pct in Jan-May of 2022

The Consumer Price Index (CPI), a measure of inflation, inched up by 2.97 percent in the January-May period of the current year to 104.97 points against 101.94 points in the same period of 2021.

In its monthly report, the Department of Statistics (DoS) said that the main commodity groups, which contributed to this increase, were transport by 0.88 percentage points, fuel and lighting by 0.63 percentage points, vegetables, dried and canned legumes by 0.44 percentage points, meat and poultry by 0.19 percentage points, and culture and entertainment by 0.14 percentage points.

However, the prices of several commodities slightly dropped including beverages and refreshments by 0.03 percentage points, rentals by 0.02 percentage points, health-related commodities by 0.02 percentage points, and condiments, food enhancers and other foodstuffs by 0.01 percentage points.

On a monthly level, the DoS indicated that the CPI went up by 0.51, reaching 106.53 points in May compared to 105.99 in April.

Source: Jordan News Agency

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