SCI Reviews Iran's Inflation Rates as Per Provinces, Income Deciles

EghtesadOnline: Goods and services Consumer Price Index for Iran's Chaharmahal-Bakhtiari Province registered a year-on-year increase of 32.1% during the Iranian month of Sharivar (Aug. 23-Sept. 22) compared with the similar month of last year–the highest among all provinces.

News ID: ۷۸۴۱۵۸

10 October 2018

The YOY CPI increase was the lowest for Hormozgan Province with 19.7%, the Statistical Center of Iran reported.

The overall goods and services CPI in Iran registered a YOY increase of 25.7% in Shahrivar compared with the similar month of last year.

CPI calculated for the country (using the Iranian year to March 2017 as the base year) stood at 134.6 for the sixth month of the year, indicating a 5.4% rise compared with the previous month, according to Financial Tribune.

The growth in CPI compared with the previous month, Mordad (July 23-Aug. 22), was the highest (10.2%) for Sistan-Baluchestan Province and lowest (3.4%) for Kerman Province.

The average overall goods and services CPI of the country in the 12-month period ending Sept. 22, increased by 11.3% compared with last year’s corresponding period.

Hamedan Province registered the highest average annual inflation with 14.2% while Kerman Province posted the lowest of 8.2%.

The average annual inflation gap among provinces was 5.3% in Shahrivar, indicating a 0.2% increase compared with the month before.

> 1.4% Inflation Gap Between Rich & Poor

The inflation gap measured by the Statistical Center of Iran between the first income decile (those with the lowest income) and the 10th decile (those with the highest income) increased 0.6% to reach 1.4% in the period compared with the previous month’s 0.8%.

The average goods and services Consumer Price Index in the 12-month period ending Sept. 22, which marks the end of the Iranian month of Shahrivar, increased by 10.6% for the first decile whereas it rose by 12% for the 10th decile.

The fourth and fifth deciles saw their 12-month average inflation rate grow by 11.3% compared with last year’s corresponding period.

In the same month, the annual inflation rate for the second decile increased by 11%, third decile 11.2%, sixth 11.4%, seventh 11.6%, eighth 11.7% and ninth decile 11.8%.

The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 138.2 for the 10th decile, and the lowest index was 133.4 for the first decile.

The year-on-year inflation rates increased by 24.1% for the first decile, 25.2% for second,25.4% for third, 25.5% for fourth and fifth, 25.7% for sixth, 26.5% for seventh, 26.8% for eighth, 27.7% for ninth and 29.6% for the 10th decile.

Income deciles are groupings that result from ranking either all households or all persons in the population in the ascending order according to income, and then dividing the population into 10 groups, each comprising approximately 10% of the estimated population.