Latest data released by the Statistical Center of Iran show the average goods and services Consumer Price Index of “tobacco” in the 12-month period ending Aug. 22, which marks the end of the fifth Iranian month of fiscal 2021-22, increased by 45.5% compared with the corresponding period of the year before.
The CPI of the group stood at 486.4 in the month to Aug. 22, indicating a 1.7% rise compared with the month before.
The index, which has minimum impact on total inflation rate with a coefficient of 0.59%, registered a year-on-year increase of 32.4%.
The annualized inflation rate in Iran has reached a record high.
The average goods and services Consumer Price Index in the 12-month period ending Aug. 22 increased by 45.2% compared with the corresponding period of the year before.
The rate is an all-time high since fiscal 2017-18 when earliest statistics on CPI in Iran is available on SCI’s database.
The consumer inflation for the month under review (July 23-Aug. 22) registered an increase of 43.2% compared with the similar month of the previous Iranian year.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 337.8 for the month to Aug. 22, indicating a 3.2% rise compared with the month before.
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 Aug. 22 was recorded for “food and beverages” group with 4.6% and “communications” and “education” groups with 1% each.
The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 63.1% while the lowest YOY inflation was registered for “communications” group with 7.3%.
The highest and lowest annualized inflation was registered for “transportation” with 61.3% and “communications” with 17.8%.
