SCI: Inflation at 9.7%

EghtesadOnline: The goods and services Consumer Price Index in the 12-month period ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 9.7% compared with last year’s corresponding period, the Statistical Center of Iran reported.

News ID: ۷۸۳۷۹۳

26 August 2018

SCI had put the inflation rate for the preceding month of Tir, which ended on July 22, at 8.7%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 127.7 in Mordad, indicating a 5.2% rise compared with the previous month.

The index registered a year-on-year increase of 19.3% compared with the similar month of last year, according to Financial Tribune.

SCI put average urban and rural inflation for Mordad at 9.8% and 9.1% respectively. The overall CPI reached 127.6 for urban households and 128 for rural households, indicating an increase of 5.1% for urban areas and 5.9% for rural areas compared with the previous month.

The index registered a year-on-year increase of 19.4% for urban areas and 18.8% for rural areas compared with the similar month of last year.