September 11, 2008

Jordan’s Inflation Up 14.9 Pct in First Eight Months

Jordan's inflation up 14.9 pct in first eight months

AMMAN, Sept. 10 (Xinhua) -- Jordan's consumer price index (CPI) in the first eight months of this year reached 138.41 points, up 14.9 percent over the same period last year, local daily The Jordan Times reported Wednesday.

Data of the Department of Statistics shows that Jordan's CPI in the first eight months in 2007 stood at 120.48 points.

According to the official data, the 8-month CPI increase this year resulted from the price rise of several main commodities and services, such as fuel, electricity, dairy products, eggs, meat, poultry, cereals and transport charges.

The Jordanian government has been working to control inflation, but the higher prices come mainly from external factors, including the high price of imported petroleum whose bill eats up some 20 percent of the kingdom's gross domestic product.

Meanwhile, the official data also shows that Jordan's industrial production index in July this year increased by 3.3 percent compared with that of last year, thanks to the price rise in the manufacturing, electricity and mining industries.

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