Wholesale price index up 5.66pct in Q1 of 2022

The wholesale price index in the first quarter of 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period of 2021.

According to the Department of Statistics’ (DoS) quarterly report issued Sunday, the rise was mainly driven by the increase in the group price of fuel, minerals, and construction materials by 14.23 percent or 2.91 points, group price of agricultural raw materials, grains, food, beverages, and tobacco by 3.54 percent or 1.36 points, as well as group price of motor vehicles, motorcycles, and car parts by 2.94 percent or 0.57 points.

Moreover, the boost in the group price of machine trade and their supplies by 5.33 percent or 0.49 points played a significant role in the index increase, in addition to the group price of textiles, clothing, personal and household goods going up by 3.00 percent or 0.32 percent.

The wholesale price index in the first quarter of 2022 went up by 2.08 percent compared to the fourth quarter of 2021, the report noted.

The base year was changed from 1998 to 2010. Data is collected through samples from 330 institutions, of which the prices of 1,590 products are collected.

Source: Jordan News Agency


Energy ministry signs MoUs for copper, gold exploration

 The Ministry of Energy and Mineral Resources on Sunday inked a Memorandum of Understanding (MoU) with a local company to explore for copper in the Dana region of the Kingdom’s south, and another with a Turkish company to explore for gold in the Abu Khashiba region, also south.

Under the first memorandum, the Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometer area outside of the Dana Nature Reserve, Minister of Energy Saleh Kharabsheh said.

Under the second memorandum, the Turkish “Solvest Trade and Industry Limited Company” will conduct a 14-month gold exploration in the Abu Khashiba Valley region of the Kingdom’s south.

According to the minister, the Turkish company’s exploration area is approximately 155 square kilometers. This is the second collaboration with the Turkish company, following a memorandum of understanding struck in April to explore for copper in the same region.

Source: Jordan News Agency