Food & Beverages Inflation at 22.4%

EghtesadOnline: The average goods and services Consumer Price Index of food and beverages in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by 22.4% compared with last year’s corresponding period.

News ID: ۷۵۰۸۰۳

25 August 2020

With a coefficient of 26.64%, the CPI of the group among 12 groups of the basket of consumer goods and services purchased by households stood at 274.2 in the month under review, indicating a 3.5% increase compared with the month before.

The food and beverages index registered a year-on-year increase of 25.8%.

The general average goods and services CPI in the 12-month period ending Aug. 21 increased by 25.8% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on July 21, at 26.4%.

The consumer inflation for the month under review (July 22-August 21, 2020) registered a year-on-year increase of 30.4% compared with the similar month of previous Iranian year. The year-on-year inflation of the month ending July 21 had reached 26.9%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 235.9 in the month under review, indicating a 3.5% rise compared with the month before.

SCI put the average annual inflation rate for urban and rural during the month under review at 25.9% and 25.4%, respectively.

CPI registered a year-on-year increase of 30.6% for urban areas and 29.6% for rural areas in the month ending August 21.

The overall CPI reached 234.7 for urban households and 242.5 for rural households, indicating a month-on-month increase of 3.5% and 3.2% for urban and rural areas, respectively.