Jordan - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Jordan was 127.72 as of 2021. As the graph below shows, over the past 52 years this indicator reached a maximum value of 127.72 in 2021 and a minimum value of 7.66 in 1969.

Definition: Consumer price index reflects changes 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. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1969 7.66
1970 8.12
1971 8.51
1972 9.16
1973 10.18
1974 12.15
1975 13.61
1976 15.18
1977 17.39
1978 18.59
1979 21.24
1980 23.60
1981 25.42
1982 27.30
1983 28.67
1984 29.78
1985 30.67
1986 30.67
1987 30.61
1988 32.63
1989 41.02
1990 47.66
1991 51.55
1992 53.61
1993 55.39
1994 57.33
1995 58.68
1996 62.50
1997 64.40
1998 66.39
1999 66.79
2000 67.24
2001 68.43
2002 69.68
2003 70.82
2004 73.20
2005 75.76
2006 80.49
2007 84.31
2008 96.09
2009 95.38
2010 100.00
2011 104.16
2012 108.87
2013 114.12
2014 117.43
2015 116.40
2016 115.49
2017 119.33
2018 124.65
2019 125.60
2020 126.02
2021 127.72

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices