‘Communications’ Registers Lowest CPI Rise

EghtesadOnline: The average goods and services Consumer Price Index of “communications” in the 12-month period ending July 22, which marks the end of the fourth Iranian month of fiscal 2021-22, increased by 18.4% — the lowest rise among 12 groups of the basket of consumer goods and services purchased by households, according to the Statistical Center of Iran

News ID: ۷۸۶۸۶۷

14 August 2021

The CPI of the group stood at 176.4 for the month to July 22, indicating a 0.1% rise compared with the month before — the lowest among the groups under review.

The index, with a coefficient of 2.87%, registered a year-on-year increase of 8% — again the lowest.

The overall average goods and services Consumer Price Index in the 12-month period ending July 22, which marks the end of the fourth Iranian month of fiscal 2021-22, increased by 44.2% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on June 21, at 43%.

The consumer inflation for the month under review (June 22-July 22) registered an increase of 43.6% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending June 21 was 47.6%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 327.4 in the month ended July 22, indicating a 3.5% rise compared with the month before. Month-on-month consumer inflation was 2.5% for the preceding month.

SCI put average inflation for urban and rural areas at 43.7% and 47.3%, respectively.

CPI registered a year-on-year increase of 42.9% for urban areas and 47.7% for rural areas in the month ending July 22.

The overall CPI reached 323.8 for urban households and 347 for rural households, indicating a month-on-month increase of 3.6% and 3.2%, respectively.

The highest and lowest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending July 22 was recorded for “hotels and restaurants” with 6.8% and “communications” with 0.1%.

The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 62.3% while the lowest YOY inflation was registered for “communications” with 8%.

The highest and lowest annualized inflation was registered for “transportation” with 63.4% and “communications” with 18.4%.