The average goods and services Consumer Price Index of “communications” in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month of fiscal 2021-22, increased by 16.8% compared to last year’s corresponding period.
This marks the lowest annualized inflation among 12 groups of consumer goods and services monitored by the Statistical Center of Iran.
The CPI of this group stood at 180.4 in the month ending Sept. 22, indicating a 1.3% rise compared with the month before, registering the lowest monthly price rise among the groups surveyed.
The index, with a coefficient of 2.87%, registered a year-on-year increase of 5.5%, which again was the lowest.
Latest data released by the Statistical Center of Iran show rising inflation in the country has kept its upward momentum in the sixth month of the current fiscal year (Aug. 23-Sept. 22).
The average overall goods and services Consumer Price Index in the 12-month period ending Sept. 22 increased by 45.8% compared with the corresponding period of the year before, hitting a record high.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Aug. 22, at 45.2%.
The consumer inflation for the month under review (Aug. 23-Sept. 22) registered an increase of 43.7% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Aug. 22 was 43.2%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 351.1 for the month under review, indicating a 3.9% rise compared with the month before. Month-on-month consumer inflation was 3.2% for the preceding month.
SCI put average inflation for urban and rural areas at 45.1% and 49.7%, respectively.
CPI registered a year-on-year increase of 42.9% for urban areas and 47.8% for rural areas in the month ending Sept. 22.
The overall CPI reached 347.5 for urban households and 370.9 for rural households, indicating a month-on-month increase of 4% and 3.6%, respectively.
The highest monthly growth in the index among 12 groups under review was recorded for “food and beverages” with 5.1% while the highest year-on-year inflation in the month was posted for “hotels and restaurants” with 65.6%.
The highest annualized inflation was registered for “furniture, home appliances and their maintenance” with 60.9%.
