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Higher Prices Hurt Poor More

Oct 31, 2022, 9:09 PM
News ID: 36714
Higher Prices Hurt Poor More

EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 7.9% in the seventh month of the current Iranian year (Sept. 23-Oct. 22), up 0.1 percentage points compared to the previous month.

The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.7 percentage points and that of “non-food and services” group increased by 0.5 percentage points compared with the previous month. 

The average goods and services Consumer Price Index in the 12-month period ending Oct. 22 increased by 48.7% for the first decile (those with the lowest income) and grew by 40.8% for the 10th decile (those with the highest income).