‘Communications’ Inflation Reaches 12.6 Percent

EghtesadOnline: The average goods and services Consumer Price Index of “communications” in the 12-month period ending Nov. 21, which marks the end of the eighth Iranian month of fiscal 2021-22, increased by 12.6% compared with the corresponding period of the year before.

News ID: ۷۸۷۴۰۷

11 December 2021

The CPI of the group stood at 184.2 in the month to Nov. 21, indicating a 1% rise compared with the month before.

The index, with a coefficient of 2.87%, registered a year-on-year increase of 1.2%.

Latest data released by the Statistical Center of Iran show the downtrend in annualized inflation registered in the seventh fiscal month (ending Oct. 22) continued in the eighth fiscal month (ending Nov. 21).

The overall goods and services CPI in the 12-month period ending Nov. 21 increased by 44.4% compared with the corresponding period of the year before.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Oct. 22, at 45.4%.

The consumer inflation for the month under review (Oct. 23-Nov. 21) registered an increase of 35.7% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Oct. 22 was 39.2%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 373 for the month ending Nov. 21, indicating a 2.5% rise compared with the month before. Month-on-month consumer inflation was 3.7% for the preceding month.

SCI put average inflation for urban and rural areas at 43.6% and 48.3%, respectively.

CPI registered a year-on-year increase of 35.3% for urban areas and 37.4% for rural areas in the month ending Nov. 21.

The overall CPI reached 368.9 for urban households and 396.4 for rural households, indicating a month-on-month increase of 2.4% and 2.7%, 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 Nov. 21 was recorded for “transportation” and “tobacco” each with 3.4% and “communications” with 1%.

The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 62.4% while the lowest YOY inflation was registered for “communications” with 1.2%.

The highest and lowest annualized inflation was registered for “food and beverages” with 60.1% and “communications” with 12.6%.