‘Communications’ Sees Lowest Price Rise Among 12 Groups of Goods, Services

EghtesadOnline: The average goods and services Consumer Price Index of “communications” in the 12-month period ending June 21, which marks the end of the third Iranian month, increased by 18.7% compared with the previous year’s corresponding period.

News ID: ۷۸۶۶۷۲

13 July 2021

That marks the lowest increase in process among 12 groups of the basket of consumer goods and services purchased by households.

CPI of “communications” stood at 176.2 in the month ending June 21, indicating a 0.7% decline compared with the month before, which is also the lowest rise among the groups under review.

The index, with a coefficient of 2.87%, registered a year-on-year increase of 11.8%, which again is the lowest among the groups.

The 12 groups of the basket of consumer goods and services purchased by households surveyed by the SCI include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, "housing, water, electricity, natural gas and other fuels" 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 overall average goods and services Consumer Price Index in the 12-month period ending June 21 increased by 43% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show.

The annualized inflation has been on the rise for the 10th consecutive month.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on May 21, at 41%.

The consumer inflation for the month under review (May 22-June 21) registered an increase of 47.6% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending May 21 was 46.9%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 316.2 in the last fiscal month, indicating a 2.5% rise compared with the month before. Month-on-month consumer inflation was 0.7% for the preceding month.

SCI put urban and rural 12-month inflation for the month under review at 42.5% and 45.6%, respectively.

CPI registered a year-on-year increase of 46.9% for urban areas and 51.5% for rural areas in the month ending June 21.

The overall CPI reached 312.6 for urban households and 336.3 for rural households, indicating a month-on-month increase of 2.5% and 2.6%, respectively.