AMMAN — According to a monthly report from
the
World Bank, food prices in Jordan increased by 2.2 percent by the end of
December 2023, as per Al-Mamlaka TV. This rise coincided with inflation
surpassing food prices in 73 percent of 165 countries.
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The report highlighted that
Jordan's food prices continued to rise for six consecutive months in 2023, with increases of
0.8 percent in November, 1.7 percent in October, 1.3 percent in September, 0.6
percent in July, and 1.2 percent in August. This upward trend persisted,
despite a 1 percent decline at the end of June and a 1.9 percent decrease at
the end of May.
The bank stated that according to the
Global Hunger Index (GHI) for 2023, refugee communities in Jordan are
experiencing a surge in food insecurity. The bank also issued a warning
regarding funding shortages for UN relief organizations in Jordan, explaining
that escalating conflicts in the Middle East are constraining available aid for
these communities, thereby exacerbating their food security challenges.
Moreover, the monthly report from the
Department of Statistics (DoS) for the year 2023 noted a 2.08 percent increase
in consumer prices compared to 2022. Every month, December saw a rise of 1.64
percent compared to the corresponding month in 2022, and a slight increase of
0.23 percent compared to November 2023.
Globally, local food price inflation
continues to be high, with inflation surpassing 5 percent in 63.2 percent of
low-income countries, 73.9 percent of lower-middle-income countries, 48 percent
of upper-middle-income countries, and 46.3 percent of high-income countries.
In December 2023, the FAO
Food Price Index (FFPI) reached 118.5 points, reflecting a decrease of 1.8 points or 1.5
percent from November 2023. The primary factors contributing to this decline
were reductions in sugar and vegetable oil prices, while dairy and grain prices
saw increases. The index stood 13.3 points lower or 10.1 percent than its
December 2022 level, averaging 124.0 points for 2023, 19.7 lower than in 2022.
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