The average goods and services Consumer Price Index of “hotels and restaurants” in the 12-month period ending Feb. 19 increased by 61.2% compared with the corresponding period of the year before, the highest among 12 groups of goods and services surveyed by the Statistical center of Iran.
The CPI of the group stood at 442.4 in the month ending Feb. 19, indicating a 2.9% rise compared with the month before.
The index, with a coefficient of 1.44%, registered a year-on-year increase of 59.7%.
New data released by SCI show the annualized inflation has maintained its monthly downtrend after registering a high of 45.4% in the month to Oct. 22.
The overall goods and services CPI in the 12-month period ending Feb. 19 increased by 41.4% compared with the corresponding period of the year before, marking the fourth consecutive month of decline.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Jan. 20, at 42.4%.
Consumer inflation for the month under review (Jan. 21-Feb. 19) registered an increase of 35.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Jan. 20 was 35.9%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 396.4 for the month ending Feb. 19, indicating a 2.1% rise compared with the month before. Month-on-month consumer inflation was 2.4% for the preceding month.
SCI put average inflation for urban and rural areas at 40.8% and 44.2%, respectively.
CPI registered a year-on-year increase of 35.3% for urban areas and 35.8% for rural areas in the month.
The overall CPI reached 384.1 for urban households and 422.7 for rural households, indicating a month-on-month increase of 2% and 2.7%, 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 Feb. 19 was recorded for “food and beverages” with 3.9% and “communications” with -0.1%.
The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 59.7% while the lowest YOY inflation was registered for “communications” with 3.8%.
The highest and lowest annualized inflation rates were registered for “hotels and restaurants” with 61.2% and “communications” with 7.6%.
