SCI Surveys Latest Consumer Price Changes in Provinces in Iran

EghtesadOnline: The growth in overall Consumer Price Index in the 10th month of the current Iranian year (Dec. 22, 2019-Jan. 20) was the highest (1.5%) in Hormozgan Province when compared with the month before.

News ID: ۷۴۹۶۰۵

03 February 2020

This comes as, according to data released by the Statistical Center of Iran, Ilam Province posted month-on-month deflation of 0.5% last month, according to Financial Tribune.

The overall CPI, using the Iranian year to March 2017 as the base year, stood at 195.4 in the same month, indicating a 0.8% rise compared with the previous month.

Hormozgan Province’s goods and services consumer inflation registered a rise of 32.3% during the month ending Jan. 20 compared with the similar month of last year, the highest among all provinces. The year-on-year CPI increase was the lowest for Kurdestan Province with 20.9%, compared with that of other Iranian provinces.

The overall goods and services CPI in Iran registered a year-on-year increase of 26.3% in the same month.

The average goods and services CPI in Iran for the 12-month period ending Jan. 20 increased by 38.6% compared with last year’s corresponding period. Ilam saw the highest annual inflation with 46.8% while Fars posted the lowest of 34.2%.

Urban Households

The overall CPI calculated for urban areas stood at 194.4 during the 10th month of the current Iranian year, indicating a 0.9% rise compared with the previous month. The growth in CPI measured for provincial urban households compared with the previous month was the highest (1.6%) for Hormozgan while Zanjan recorded a negative inflation of 0.3%.

The index registered an average year-on-year increase of 26.2% for urban areas. Goods and services CPI of Hormozgan’s urban areas registered a year-on-year rise of 31.6% during the month under review, the highest among all provinces.

The CPI increase in urban areas was the lowest for Kurdestan with 20.7% YOY.

The average CPI in urban areas for the 12-month period ending Jan. 20 increased by 38% compared with last year’s corresponding period. Households living in urban areas of Ilam saw the highest annual inflation (45.8%) while those of Fars witnessed the lowest annual inflation (32.4%) among all Iranian provinces.

Rural Households

The overall CPI calculated for rural areas stood at 201.1 in the month under review, which indicates a 0.5% increase compared with the previous month.

The growth in CPI of rural households compared with the previous month was highest for Yazd with 1.5%. This is while rural households living in Ilam saw the negative inflation of 1.6% in the prices of goods and services compared with the month before.

The index registered an average year-on-year increase of 27% for rural areas in the same month.

CPI of Hormozgan’s rural areas registered a YOY increase of 33.7% during the 10th month of the Iranian year, the highest among all provinces, whereas the year-on-year CPI increase was the lowest for Kurdestan with 21.3% compared with other provincial rural areas.

The goods and services CPI of rural areas in the 12-month period ending Jan. 20 increased by 42.2% compared with last year’s corresponding period. Ilam registered the highest 12-month inflation in rural areas (51%) while Zanjan posted the lowest annual inflation (37.6%).