Food and Beverages Inflation Tops 25%

EghtesadOnline: The average goods and services Consumer Price Index of food and beverages in the 12-month period ending Nov. 20, which marks the end of the eighth Iranian month, increased by 25.1% compared with last year’s corresponding period.

News ID: ۷۵۱۵۶۶

24 November 2020

According to the Statistical Center of Iran, 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 338 in the period, indicating a 13.2% increase compared with the month before.

The food and beverages index registered a year-on-year increase of 56.7%.

The overall average goods and services Consumer Price Index in the 12-month period ending Nov. 20 increased by 29% compared with the corresponding period of last year.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Oct. 21, at 27.2%.

The consumer inflation for the month under review (Oct. 22-Nov. 20) registered an increase of 46.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Oct. 21 was 41.4%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 275 last month, indicating a 5.2% rise compared with the month before. Month-on-month consumer inflation was 7% for the preceding month (Sept. 22-Oct. 21.)

SCI put average annual inflation for urban and rural areas at 29% and 28.8%, respectively.

CPI registered a year-on-year increase of 45.7% for urban areas and 50.3% for rural areas in the month ending Nov. 20.

The overall CPI reached 272.6 for urban households and 288.6 for rural households, indicating a month-on-month increase of 4.7% and 7.6% for urban and rural areas, respectively.