The average goods and services Consumer Price Index in the 12-month period ending March 19, which marks the last day of the fiscal 2019-20, increased by 34.8% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Feb. 19, 2020, at 37%.
The consumer inflation for the month under review (Feb. 20-March 19, 2020) registered a year-on-year increase of 22% compared with the similar month of the previous Iranian year.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 200.5 last month, indicating a 1.5% rise compared with the month before.
CPI registered a year-on-year increase of 22.2% for urban areas and 21.1% for rural areas in the month ending march 19 compared with the similar month of last year.
The overall CPI reached 199.5 for urban households and 206.2 for rural households, indicating a month-on-month increase of 1.4% and 1.8% for urban and rural areas, respectively.
SCI put urban and rural 12-month inflation for the month under review at 34.4% and 37.3% respectively.
The highest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending March 19 was recorded for clothing and shoes with 3.1%, while the slowest inflation growth was posted for the education group with 0.1% month-on-month.
Food & Beverage
With a coefficient of 26.64%, the CPI of food and beverage stood at 229.9 in the month ending March 19, indicating a 1.9% increase compared with the month before. The food and beverage index registered a year-on-year increase of 14.8% compared with the similar month of last year. The CPI of food and beverage group in the 12-month period ending March 19 increased by 43% compared with last year’s corresponding period.
Tobacco
CPI of tobacco stood at 292.4 last month, indicating a 2.1% rise compared with the month before. The tobacco index, which has the minimum impact on total inflation rate with a coefficient of 0.59%, registered a year-on-year increase of 8.4%. The annual CPI of tobacco group grew by 29.9% compared with the corresponding period of the year before.
Clothing & Shoes
With a coefficient of 4.78%, CPI of clothing and shoes stood at 220.9 in the last fiscal month, indicating a 3.1% increase compared with the month before. The clothing and shoes index registered a year-on-year increase of 29.7% during the month under review. The annual CPI of the group increased by 43.9% compared with last year’s corresponding period.
Housing, Water, Electricity, Natural Gas and Other Fuels
CPI of housing, water, electricity, natural gas and other fuels stood at 166.7 last month, indicating a 0.4% increase compared with the month before. The group’s CPI index, which has the biggest impact on total inflation rate with a coefficient of 35.5%, registered a year-on-year increase of 22%. The 12-month CPI of housing, water, electricity, natural gas and other fuels group increased by 23.7% compared with last year’s corresponding period.
Furniture, Home Appliances and Their Maintenance
With a coefficient of 3.93%, CPI of furniture, home appliances and their maintenance stood at 245.1 last month, indicating a 2% increase compared with the month before. The group’s CPI registered a year-on-year increase of 26.2%. The 12-month CPI of the group increased by 49.3% compared with last year’s corresponding period.
Health and Treatment
CPI of health and treatment group stood at 169.8 last month, indicating a 0.6% increase compared with the month before. The index, with a coefficient of 7.14%, registered a year-on-year increase of 22.1% compared with the similar month of last year. The health and treatment group’s annual inflation during the month under review grew by 25.9% compared with last year’s corresponding period.
Transportation
With a coefficient of 9.41%, CPI of transportation stood at 240.6% last month, indicating a 2.7% increase compared with the month before. The transportation index registered a year-on-year increase of 44.8%. The annual CPI of the group increased by 46.8% compared with the similar period of the year before.
Communications
CPI of communications stood at 149 last month, indicating a 1.1% growth compared with the month before. The index, with a coefficient of 2.87%, registered a year-on-year increase of 3.3%. The communications group’s annual inflation during the month under review grew by 15.4% compared with the previous year’s corresponding period.
Leisure and Culture
CPI of leisure and culture group stood at 243.8 last month, indicating a 1.6% rise compared with the month before. The index, with a coefficient of 1.65%, registered a YOY increase of 26.6%. Leisure and culture group’s annual inflation during the month under review grew by 45.5% compared with last year’s corresponding period.
Education
With a coefficient of 1.86%, CPI of education group stood at 173.3 last month, indicating a 0.1% increase compared with the month before. The education group’s CPI index registered a year-on-year increase of 20.6%. The annual CPI of the group increased by 21.8% compared with last year’s corresponding period.
Hotels and Restaurants
CPI of hotels and restaurants stood at 194.6 last month, indicating a 0.6% growth compared with the month before. The index, with a coefficient of 1.44%, registered a year-on-year increase of 25.2%. The group’s annual inflation during the month under review grew by 40.1% compared with last year’s corresponding period.
Miscellaneous Items and Services
CPI of the goods and services categorized within the miscellaneous group stood at 214.8 last month, indicating a 2.1% growth compared with the month before. The index, with a coefficient of 4.18%, posted a year-on-year increase of 24.2%. The group’s annual inflation during the month under review grew by 37.2% compared with last year’s corresponding period.
