Jordan: Inflation

* indicates monthly or quarterly data series
 Jordan

Inflation: percent change in the Consumer Price Index

 Latest value 1.3
 Reference 2021
 Measure percent
 Source The World Bank

For that indicator, we provide data for Jordan from 1970 to 2021. The average value for Jordan during that period was 5.7 percent with a minimum of -0.9 percent in 2015 and a maximum of 25.7 percent in 1989. The latest value from 2021 is 1.3 percent. For comparison, the world average in 2021 based on 143 countries is 9.1 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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Inflation in Jordan and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
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