Communications Sector Registers Lowest Inflation Rate

EghtesadOnline: The average Consumer Price Index of the communications sector in the 12-month period ending June 20, which marks the end of the third Iranian month, increased by 8.7% compared with the previous year’s corresponding period—the lowest among 12 groups of the basket of consumer goods and services purchased by households.

News ID: ۷۸۵۵۵۷

07 July 2020

The CPI of the group stood at 157.6 for the month, indicating a year-on-year increase of 7%--also the lowest among the 12 groups under review.

The index, with a coefficient of 2.87%, registered a growth of 1% compared with the month before, the Statistical Center of Iran reported.

The overall average goods and services Consumer Price Index in the 12-month period ending June 20 increased by 27.8% compared with the corresponding period of the last year.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on May 20, 2020, at 29.8%.

The consumer inflation for the month under review (May 21-June 20) registered a year-on-year increase of 22.5% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending May 20 was at 21%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 214.2 for the month, indicating a 2% rise compared with the month before.

CPI registered a year-on-year increase of 22.7% for urban areas and 21.1% for rural areas in the month ending June 20.

The overall CPI reached 212.8 for urban households and 221.9 for rural households, indicating a month-on-month increase of 2% and 2.2% for urban and rural areas, respectively.

SCI put average annual inflation for urban and rural areas at 27.7% and 28.2% respectively.