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The US treasury market reaches breaking point

The US treasury market reaches breaking point

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Wednesday, July 16, 2008

Jordan's inflation rate reaches 13.3% y/y in H1.





Jordan's inflation rate reaches 13.3% y/y in H1. Jordan's inflation rate reached 13.3% y/y in H1, according to the Department of Statistics' (DoS) data. The consumer price index (CPI) rose to 136.6 points from 120.6 points during H1 of 2007. The rise was due to the increase in the prices of fuel, electricity, transport, dairy and poultry products, cereals and cooking oil. The higher prices of the mentioned principal products were coupled with a decline in telecommunication charges. The continuous increase in oil prices in the international market will make inflation rate even higher despite the increase in the output of manufacturing industries by 5.5%, electricity by 10.3% and mining industries by 1.5% during the first five months of 2008.







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