FX.co ★ Jordan Inflation Hits Over 3-Year High

Jordan’s annual inflation rate quickened to 2.83% in May 2026, its highest level since April 2023, up from 2.49% in April, largely on the back of higher fuel costs. The government raised fuel prices by 11% in April — the first hike since the onset of the Middle East conflict — and implemented a partial adjustment in May.

Transportation costs were the largest driver of inflation in May, contributing 1.23 percentage points to the headline rate, followed by rents (0.68 percentage points) and oils and fats (0.27 percentage points). Over the first five months of 2026, inflation averaged 1.88%, slightly below the 1.97% recorded in the same period of 2025.

On a month-on-month basis, the consumer price index (CPI) rose 0.55% in May, moderating from a 0.70% gain in April and marking the smallest monthly increase in three months.