“Communications”, one of the 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 7.2% in the eighth month of the current Iranian year (Oct. 23-Nov. 21).
The group’s month-on-month and year-on-year inflation rates reached 0.9% and 10.2% respectively.
The three above cited rates were the lowest among the 12 groups under review.
The basket of consumer goods and services surveyed by the SCI included "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, “housing and utilities" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "transportation" with 9.41%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44% and "miscellaneous items and services" with 4.18%.
The overall annualized inflation in the month under review stood at 44%, the Statistical Center of Iran announced recently.
This is the sixth consecutive month the annualized inflation is rising after the government put into effect what it touted as “economic surgery” by abolishing the heavily subsidized import of essential goods.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 552.4, indicating a month-on-month rise of 2.1% and a year-on-year rise of 48.1%.
CPI hit 543.2 for urban households and 603.7 for rural households, indicating a month-on-month increase of 2.1 and 2.1%, respectively.
SCI put the annualized inflation for urban and rural areas at 43.3% and 47.4%, respectively.
The year-on-year inflation stood at 47.3% for urban areas and 52.3% for rural areas in the month.
