Iran's YOY Inflation at 51.4%

EghtesadOnline: Consumer inflation in Iran registered a year-on-year increase of 51.4% in the month to April 20 compared with the similar month of last year, the Statistical Center of Iran's latest report shows.

News ID: ۷۴۷۱۳۱

23 April 2019

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 170.9 in Farvardin, indicating a 4% rise compared with the previous month.

The average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 30.6% compared with last year’s corresponding period.

SCI put the average annual inflation rate for the preceding Iranian month, which ended on March 20, at 26.9%, according to Financial Tribune.

Consumer price inflation in rural areas has been persisting at a higher rate than that in urban areas. The index registered a year-on-year increase of 50% for urban areas and 59.4% for rural areas compared with the similar month of last year.

The overall CPI reached 169.3 for urban households and 180.1 for rural households, indicating an increase of 3.7% for urban areas and 5.8% for rural areas compared with the previous month.

SCI put average annual inflation for urban and rural areas at 30.2% and 32.6% respectively.

The highest monthly inflation among 12 groups of goods and services was recorded for the “foods and beverages’” with a 9% increase.

“Transportation” was the only consumers’ goods and services group that registered a 0.8% monthly deflation.

The “tobacco” group registered the highest and “education” posted the lowest year-on-year CPI increase with 123.4% and 21.2% respectively.

The average annual inflation rate of the “tobacco” group was the highest with 111% and that of “housing, water, electricity, natural gas and other fuels” and “education” groups had the slowest annual inflation rate with an 18.2% rise.