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Education Sector Registers Lowest Monthly Price Growth

Jun 16, 2020, 12:13 PM
News ID: 32684
Education Sector Registers Lowest Monthly Price Growth

EghtesadOnline: The average Consumer Price Index of the education sector in the 12-month period ending May 20 increased by 21.6% compared with last year’s corresponding period.

With a coefficient of 1.86%, the CPI of education group stood at 173.6 for the period under review, indicating a 0.1% rise compared with the month before—the lowest among 12 groups of the basket of consumer goods and services purchased by households, the Statistical Center of Iran reported.

The education group’s CPI index registered a year-on-year increase of 20.2%. 

The overall average goods and services Consumer Price Index in the 12-month period ending May 20 increased by 29.8% compared with the corresponding period of last year, 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 April 19, at 32.2%. 

The consumer inflation for the month under review (April 20-May 20) registered a year-on-year increase of 21% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending April 19 was 19.8%.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 210 last month, indicating a 2.5% rise compared with the month before. 

CPI registered a year-on-year increase of 21.3% for urban areas and 19.3% for rural areas in the month ending May 20. 

The overall CPI reached 208.7 for urban households and 217.1 for rural households, indicating a month-on-month increase of 2.6% and 2.1% for urban and rural areas, respectively.

SCI put urban and rural average annual inflation for the month under review at 29.7% and 30.8% respectively.