x Abu Dhabi, UAEMonday 24 July 2017

Jordan inflation accelerates to 4.8 percent in 2012

Jordan's inflation rate rose to 4.8 per cent in 2012 from 4.4 per cent the previous year.

Jordan's inflation rate rose to 4.8 per cent in 2012 from 4.4 per cent the previous year, according to figures released by the Department of Statistics.

Economists expect inflation to rise above 6 per cent this year as the lifting of subsidies on gasoline and anticipated rises in electricity costs put upward pressure on prices.

The government has set a inflation target of around 5 per cent in this year's budget.

 

* Reuters