Housing, Utilities Inflation at 23.6%

EghtesadOnline: The average goods and services Consumer Price Index of housing and utilities (water, electricity and gas) in the 12-month period ending Nov. 20, which marks the end of the eighth Iranian month, increased by 23.6% compared with last year’s corresponding period.

News ID: ۷۵۱۵۷۶

25 November 2020

According to the Statistical Center of Iran, the CPI of housing and utilities among 12 groups of the basket of consumer goods and services purchased by households stood at 205.8 in the period, indicating a 1% increase compared with the month before.

The group’s CPI index, which has the biggest impact on total inflation rate with a coefficient of 35.5%, registered a year-on-year increase of 26%.

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.