Higher Prices Hurt Poor More

EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 7.9% in the seventh month of the current Iranian year (Sept. 23-Oct. 22), up 0.1 percentage points compared to the previous month.

News ID: ۷۵۱۹۵۳

31 October 2022

The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.7 percentage points and that of “non-food and services” group increased by 0.5 percentage points compared with the previous month.

The average goods and services Consumer Price Index in the 12-month period ending Oct. 22 increased by 48.7% for the first decile (those with the lowest income) and grew by 40.8% for the 10th decile (those with the highest income).