The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.6% in the 11th Iranian month (Jan. 21-Feb. 19), indicating a 0.4 percentage point increase compared with the previous month.
The inflation gap of “food, beverages and tobacco” group among income deciles decreased by 0.9 percentage point and that of “non-food and services” decreased by 0.4 percentage point month-on-month.
The average goods and services Consumer Price Index in the 12-month period ending Feb. 19 increased 36.3% for the first decile (those with the lowest income) while it grew 38.9% for the 10th decile (those with the highest income).
Average inflation rates grew by 37% for the second and sixth deciles compared with last year’s corresponding period.
The annual inflation rate for the third, fourth and fifth deciles increased by 37.1%, for the seventh decile by 37.3%, eighth decile by 37.4% and ninth decile by37.8%.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 205.1 for the 10th decile and the lowest calculated was 194.4 for the first decile.
The year-on-year inflation rates increased by 22.6% for the first decile during the month under review, 22.9% for second, 23.2% for third, 23.4% for fourth, 23.6% for fifth, 23.9% for sixth, 24.5% for seventh, 25% for eighth, 26.2% for ninth and 28.3% for the 10th 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.
Inflation Downtrend
Latest data released by the Statistical Center of Iran show the average annual inflation has continued the downward trend it started as of the ninth Iranian month (Nov. 22-Dec. 21).
According to SCI's latest report, the average goods and services Consumer Price Index in the 12-month period ending Feb. 19, which marks the final day of the 11th Iranian month increased by 37% compared with last year’s corresponding period.
SCI had put the average annual inflation rate for the preceding month, which ended on Jan. 20, at 38.6%.
The consumer inflation for the Jan. 21-Feb. 19 period registered a year-on-year increase of 25% compared with the similar month of last year.
The overall Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 197.6 last month, indicating a 1.1% rise compared with the month before.
CPI registered a year-on-year increase of 25.1% for urban areas and 24.4% for rural areas compared with the similar month of last year.
The overall CPI reached 196.7 for urban households and 202.6 for rural households, indicating a month-on-month increase of 1.2% and 0.7% for urban and rural areas, respectively.
SCI put urban and rural 12-month inflation for the month under review at 36.5% and 40.1%.
With a coefficient of 26.64%, the Consumer Price Index of “food and beverage” stood at 225.8 in the month ending Feb. 19, indicating a 0.8% increase compared with the month before.
The “food and beverage” index registered a year-on-year increase of 25% compared with the similar month of last year.
The CPI of “food and beverages” group in the 12-month period ending Feb. 19 increased by 48.2% compared with last year’s corresponding period.
