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Domestic Economy

Education Registers Lowest Monthly Price Inflation

The Consumer Price Index of the education sector stood at 174 in the third month of the current Iranian year, indicating a 0.3% rise compared with the month before.

It marks the lowest monthly rise among 12 groups of the basket of consumer goods and services purchased by households.  

With a coefficient of 1.86%, the CPI of the group registered a year-on-year increase of 20.4%. 

The average annual CPI of the group in the 12-month period ending June 20 increased by 21.5% compared with last year’s corresponding period. 

The overall average goods and services CPI in the 12-month period ending June 20 increased by 27.8% year-on-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.