The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 6.2% in the fourth Iranian month (June 22-July 22), indicating a 0.6 percentage point decrease compared with the previous month (6.8%).
The inflation gap in “food, beverages and tobacco” group among income deciles decreased by 0.5 percentage points and that of “non-food and services” group reduced by 0.6 percentage point compared with the month before.
The average goods and services Consumer Price Index in the 12-month period ending July 22 increased by 44.5% for the first decile (those with the lowest income) while it grew 49.9% for the 10th decile (those with the highest income).
“Food, beverages and tobacco” group’s annual inflation jumped by 56.7% for the first decile and 51.9% for the 10th decile. “Non-food and services” group’s inflation grew 32.8% for the first decile and 49.4% for the 10th decile.
Average annual inflation rates grew by 44.9% for the second decile compared with last year’s corresponding period; 44.5% for the third decile; 44% for the fourth; 43.8% for fifth; 43.6% for sixth; 44.4% for seventh; 44.6% for eighth and 46.3% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 349.8 for the 10th decile and the lowest calculated was 324 for the first decile.
The first and eighth deciles registered a 3.4% month-on-month inflation; the second to seventh deciles saw a monthly inflation of 3.3%; the ninth decile 3.5% and the 10th decile posted a 3.9% month-on-month inflation rate.
The year-on-year inflation rates increased by 46.1% for the first and second deciles during the month under review, 45.3% for third, 44.6% for fourth, 44.1% for fifth, 43.5% for sixth, 43.3% for seventh, 42.8% for eighth, 42.9% for ninth and 43.9% for 10th decile.
Income deciles are groupings that result from ranking either all households or all persons in the population in the ascending order according to income, and then dividing the population into 10 groups, each comprising approximately 10% of the estimated population.
Irrespective of income deciles, 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 the 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 for the month ending 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” group with 6.8% and “communications” group 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%.