'Food and Beverages' Inflation at 22.6%

EghtesadOnline: The average goods and services Consumer Price Index of "food and beverages" in the 12-month period ending Oct. 21, which marks the end of the seventh Iranian month, increased by 22.6% compared with last year’s corresponding period.

News ID: ۷۵۱۳۴۲

27 October 2020

With a coefficient of 26.64%, the CPI of the group, from among 12 groups of the basket of consumer goods and services purchased by households, stood at 298.7 in the month, indicating a 5.7% increase compared with the previous month.

The index registered a year-on-year increase of 40.4%, the Statistical Center of Iran reported.

The overall average goods and services Consumer Price Index in the 12-month period ending Oct. 21 increased by 27.2% compared with the corresponding period of last year, latest data released by SCI show.

The center had put the average annual inflation rate for the preceding Iranian month, which ended on Sept. 21, at 26%.

The consumer inflation for the month under review (Sept. 22-Oct. 21) registered an increase of 41.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Sept. 21 was 34.4%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 261.5 in the month under review, indicating a 7% rise compared with the month before. Month-on-month consumer inflation was 3.6% for the preceding month (Aug. 22-Sept. 21).

SCI put average annual inflation for urban and rural areas during the month under review at 27.3% and 26.7%, respectively.

CPI registered a year-on-year increase of 41.3% for urban areas and 42.2% for rural areas in the month ending Oct. 21.

The overall CPI reached 260.3 for urban households and 268.2 for rural households, indicating a month-on-month increase of 7.1% and 6.9% for urban and rural areas, respectively.