The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.4% in the second Iranian month (April 21-May 21), down 0.2 percentage points from the previous month.
The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.5 percentage points and that of “non-food and services” group grew by 0.2 percentage points compared with the previous month.
The average goods and services Consumer Price Index in the 12-month period ending May 21 increased by 41.2% for the first decile (those with the lowest income) as well as the 10th decile (those with the highest income).
The annual inflation of “food, beverages and tobacco” surged by 49.5% for the first decile and 51% for the 10th decile. “Non-food and services” inflation grew by 31.5% for the first decile and 38.7% for the 10th decile.
Average annual inflation rates swelled by 40.4% for the second decile compared with last year’s corresponding period; 39.5% for the third decile; 39.2% for the fourth; 38.9% for the fifth; 38.7% for the sixth and seventh; 38.8% for the eighth and 41.2% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 462.9 for the 10th decile and the lowest was 427 for the sixth decile.
The first decile registered a month-on-month inflation of 3.4%, the second and third each registered 3.5% growth, the fourth, fifth, sixth and seventh registered 3.4%, the eighth registered 3.5%, the ninth registered 3.6% growth and the 10th decile posted 4%.
The year-on-year inflation rates increased by 41.2% for the first and 10th deciles during the month under review; 40.4% for the second; 39.5% for third; 39.2% for fourth; 38.9 for fifth; 38.7% for sixth and seventh; 38.8% for eighth and 39.7% for ninth 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 goods and services CPI in the 12-month period ending May 21 increased by 38.7% from the corresponding period of the year before, new data released by the Statistical Center of Iran show.
The general consumer inflation for the month under review (April 21-May 21) jumped by 39.3% over the same month of the previous fiscal year.
Overall CPI (using the Iranian year to March 2017 as the base year) stood at 429.6 for the month ending May 21, indicating a 3.5% rise on the month before.
Month-on-month consumer inflation was 3.3% in the preceding month.
SCI put average inflation for urban and rural areas at 38.3% and 40.8%, respectively. The CPI registered year-on-year increase of 39.2% for urban areas and 40.1% for rural areas in the month.
Overall CPI reached 424.4 for urban households and 459.2 for rural households, indicating a month-on-month increase of 3.7% and 2.8%, 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 May 21 was recorded for “hotels and restaurants” and “transportation” with 6.7% each and “education” at 0.5% month-on-month.
The highest year-on-year inflation in the month under review was logged by “hotels and restaurants” with 61% while the lowest year-on-year inflation was for “communications” with 7.6%.
The highest and lowest annualized inflation rates were registered for “hotels and restaurants" with 61.1% and “communications” 4.8%.
