Statistical Center of Iran Puts Inflation at 8.7%

Jul 24, 2018, 5:01 AM

News ID: 25993

Statistical Center of Iran Puts Inflation at 8.7%

EghtesadOnline: The average goods and services Consumer Price Index in the 12-month period ending July 22, which marks the end of the Iranian month of Tir, increased by 8.7% compared with last year’s corresponding period, the Statistical Center of Iran reported. SCI had put the inflation rate for the preceding month of Khordad, which ended on June 21, at 8.2%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 121.4 in Tir, indicating a 4.4% rise compared with the previous month. The index registered a year-on-year increase of 13.8% compared with the similar month of last year.

SCI put urban and rural 12-month inflation for Tir at 8.8% and 8.2% respectively. The overall CPI reached 121.5 for urban households and 120.9 for rural households, indicating an increase of 4.6% for urban areas and 3.2% for rural areas compared with the previous month.

The index registered a year-on-year increase of 14% for urban areas and 12.7% for rural areas compared with the similar month of last year, Financial Tribune reported.