The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 4.2% in the third Iranian month (May 21-June 20), indicating a 0.3 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 0.4 percentage point month-on-month.
The average goods and services Consumer Price Index in the 12-month period ending June 20 increased by 25.8% for the first decile (those with the lowest income) while it grew 30% for the 10th decile (those with the highest income).
Average inflation rates grew by 26.5% for the second decile compared with last year’s corresponding period; 26.7% for the third decile; 26.9% for the fourth decile; 27.1% for the fifth decile; 27.3% for the sixth decile; 27.7% for seventh decile; 28% for eighth decile and 28.7% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 226.7 for the 10th decile and 206.8 for the first decile.
The year-on-year inflation rate increased by 19% for the first decile during the month under review, 20% for second, 20.5% for third, 20.8% for fourth, 21.1% for fifth, 21.6% for sixth, 22.3% for seventh, 23% for eighth, 24.2% for ninth and 26.6% 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.
The overall average goods and services Consumer Price Index in the 12-month period ending June 20, increased by 27.8% compared with the corresponding period of last year, 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 May 20, at 29.8%.
The consumer inflation for the month under review (May 21-June 20) registered a year-on-year increase of 22.5% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending May 20 was at 21%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 214.2 for the month, indicating a 2% rise compared with the month before.
CPI registered a year-on-year increase of 22.7% for urban areas and 21.1% for rural areas in the month ending June 20.
The overall CPI reached 212.8 for urban households and 221.9 for rural households, indicating a month-on-month increase of 2% and 2.2% for urban and rural areas, respectively.
SCI put average annual inflation for urban and rural areas at 27.7% and 28.2% respectively.
The highest and lowest monthly growths in the index among 12 groups of consumer goods and services purchased by households in the Iranian month ending June 20 was recorded for “leisure and culture” and “education” with 3.6% and 0.3%, respectively.
The highest and lowest year-on-year inflation in the month ending June 20 was posted for transportation with 48.6% and communications with 7%, while the highest and lowest average annual inflation was registered for transportation with 45.1% and communications with 8.7% respectively.
With a coefficient of 26.64%, the CPI of food and beverage stood at 248.4 in the month ending June 20, indicating a 2.4% increase compared with the month before and a year-on-year increase of 14.9%.
The CPI of food and beverage group in the 12-month period ending June 20 increased by 27.4% compared with last year’s corresponding period.
