AMMAN — The industrial sector has played a key role in limiting the impact of the global inflation wave on the local market, helping maintain price stability and protect citizens’ purchasing power despite sharp increases in energy prices, raw material costs and global supply chain disruptions, according to a study by the Jordan Chamber of Industry (JCI).

 

The chamber said on Saturday that the study was conducted following official data showing that Jordan recorded lower inflation rates than global averages over the past five years, Al Rai daily reported.

 

The study analysed the relationship between the Industrial Producer Price Index and consumer inflation during the 2015-2026 period, while examining the industrial sector’s contribution to reducing the transmission of global price shocks to the local market.

 

JCI Chairman Fathi Jaghbir said the findings show that national industry was not a major source of inflationary pressures in recent years, but rather an important component of economic stability.

 

He noted that the sector helped strengthen the resilience of the national economy and protected consumers from the full impact of global inflation, despite manufacturers facing unprecedented increases in production costs, including energy, raw materials, shipping and supply chain expenses.

 

“Jordanian factories absorbed part of these cost increases to maintain stability in the local market and safeguard citizens’ purchasing power,” Jaghbir said.

 

He added that the role of national industry extends beyond production, employment and exports, contributing to economic stability and enhancing the economy’s ability to withstand external shocks.

 

Jaghbir stressed that a strong and diversified industrial base is one of the key pillars of economic resilience.