The annual inflation rate in March fell from February levels of 4.25%.
The monthly inflation rate also continued to slow in April to 0.24% from 0.47% in March.
Among the largest commodity groups that contributed to the inflation figures for April were the fuel and lighting group at 23.33% and rents at 5.17%.
The World Bank expected the Jordanian economy to see slower growth rates this year to 2.4% from 2.6% in 2022.
In previous statements, Finance Minister Muhammad Al-Ississ expected the country’s inflation rate to reach 3.8% in 2023.
In March, the rating agency “Standard & Poor’s Global” affirmed the Kingdom’s sovereign credit rating at B/B+, and confirmed that Jordan was moving forward with reforms aimed at strengthening investments, expanding the tax base and to target corruption, in the hope of reducing financial imbalances in the years to come.
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