Revival in Jordan Markets after Early Disbursal of Salaries

Revival in Jordan Markets after Early Disbursal of Salaries

Thursday, 14 June, 2018 - 09:45
People stand in line to buy bread at a bakery in Amman, Jordan, January 26, 2018. (Reuters)
Amman – Mohammed al-Daameh
Jordanian markets were revitalized in recent days after Prime Minister-designate Omar Razzaz ordered the early payment of salaries.

The rejuvenation coincided with the final days of the holy fasting month of Ramadan and the Fitr holiday that celebrates the end of the month. Market activity was noticeable at department stores and markets in western Amman, Abdoun and Jabal Al Hussein.

Markets were hit by recent protests against a contentious draft tax law. Razzaz’s appointment has eased the tensions.

The Consumer Protection Society (CPS) called on housewives against buying groceries on the eve of the Fitr holiday to avoid scams.

The Society also called on business owners to take into consideration the difficult economic situation in the country and avoid hiking prices.

In a related context, the Department of Statistics issued its monthly report on the record rate of inflation.

Figures showed that inflation in May reached 124.9 points compared to 118.9 for the same month in 2017.

The report showed that the record rate of consumer’s prices for the first five months of this year rose 4.1 percent compared to the same period in 2017.

Some commodities that contributed to this rise are tobacco (0.68 percent), rentals (0.43 percent) and fuel (0.29 percent). Major commodities whose prices dropped were vegetables and legumes (0.46 percent), clothes (0.05 percent) and shoes (0.01 percent).

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