The growth in overall Consumer Price Index in the second month of the current Iranian year (April 20-May 20) was the highest (4.7%) in Bushehr when compared with the month before.
This comes as, according to new data released by the Statistical Center of Iran, West Azarbaijan posted the lowest month-on-month inflation of 0.6% last month.
The overall CPI, using the Iranian year to March 2017 as the base year, stood at 210 in the same month, indicating a 2.5% rise compared with the previous month.
Hormozgan Province’s goods and services consumer inflation registered a rise of 30.5% during the month ending May 20 compared with the similar month of the year before, the highest among all provinces.
The year-on-year CPI growth was the lowest for West Azarbaijan with 13.7%, compared with that of other Iranian provinces. The overall goods and services CPI in Iran registered a year-on-year increase of 21% in the same month.
The average goods and services CPI in Iran for the 12-month period ending May 20 increased by 29.8% compared with last year’s corresponding period. Ilam saw the highest annual inflation with 35.8% while West Azarbaijan and Fars posted the lowest of 26.5%.
Urban Households
The overall CPI calculated for urban areas stood at 208.7 during the second month of the current Iranian year, indicating a 2.6% rise compared with the previous month.
The growth in CPI measured for provincial urban households compared with the previous month was the highest (4.6%) for Bushehr while West Azarbaijan recorded the lowest monthly inflation growth of 0.3% compared with other provinces.
The index registered an average year-on-year increase of 21.3% for urban areas. Goods and services CPI of Hormozgan’s urban areas registered a year-on-year rise of 29.8% during the month under review, the highest among all provinces. The CPI increase in urban areas was the lowest for West Azarbaijan with 13.4% YOY.
The average CPI in urban areas for the 12-month period ending May 20 increased by 29.7% compared with last year’s corresponding period. Households living in urban areas of Ilam saw the highest annual inflation (35.4%) while those of Fars witnessed the lowest annual inflation (25.3%) among all Iranian provinces.
Rural Households
The overall CPI calculated for rural areas stood at 217.1 in the month under review, which indicates a 2.1% increase compared with the previous month.
The growth in CPI of rural households compared with the previous month was highest for Bushehr with 5.4%. This is while rural households living in Chaharmahal-Bakhtiari Province saw a 0.2% increase in the prices of goods and services compared with the month before.
The index registered an average year-on-year increase of 19.3% for rural areas in the same month.
CPI of Hormozgan’s rural areas registered a YOY increase of 32.1% during the second month of the Iranian year, the highest among all provinces, whereas the year-on-year CPI increase was the lowest for Kurdestan with 13.7% compared with other provincial rural areas.
The goods and services CPI of rural areas in the 12-month period ending May 20 increased by 30.8% compared with last year’s corresponding period. Ilam registered the highest 12-month inflation in rural areas (37.4%) while West Azarbaijan posted the lowest annual inflation (25.6%).
Richest-Poorest Inflation Gap at 3.9%
The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.9% in the second Iranian month (April 20-May 20), indicating a 0.5 percentage point increase compared with the previous month.
The inflation gap in “food, beverages and tobacco” group among income deciles decreased by 0.8 percentage point and that of “non-food and services” group dropped by 0.7 percentage point month-on-month.
The average goods and services Consumer Price Index in the 12-month period ending May 20 increased 28% for the first decile (those with the lowest income) while it grew 31.9% for the 10th decile (those with the highest income).
Average inflation rates grew by 28.7% for the second decile compared with last year’s corresponding period. The annual inflation rate for the third decile increased by 28.9%, for the fourth decile 29.1%, for the fifth decile 29.3%, for the sixth decile 29.4%, for seventh decile 29.8%, for eighth 30% and for the ninth decile 30.7%.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 222.8 for the 10th decile and the lowest calculated was 203.2 for the first decile.
The year-on-year inflation rates increased by 17.1% for the first decile during the month under review, 18% for second, 18.5% for third, 18.9% for fourth, 19.2% for fifth, 19.7% for sixth, 20.5% for seventh, 21.1% for eighth, 22.6% for ninth and 25.1% 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.
