Food Inflation Hit 61.8%: SCI

EghtesadOnline: Compared with the same month of the previous year, the retail prices of vegetable oil increased by 287.9%, registering the highest year-on-year price rise.

News ID: ۷۵۲۰۴۵

03 December 2022

"Food and beverages”, one of the  12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 61.8% in the eighth month of the current Iranian year (Oct. 23-Nov. 21).

The group’s month-on-month and year-on-year inflation rates reached 1.3% and 68.4% respectively, new data released by the Statistical Center of Iran show.

The 12 groups of the basket of consumer goods and services surveyed by SCI include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, “housing and utilities" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "transportation" with 9.41%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44% and "miscellaneous items and services" with 4.18%.

The general average annualized inflation in the month to Nov. 21 stood at 44%, according to SCI.