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Food, Beverages Inflation at 24.2%

Food, Beverages Inflation at 24.2%Food, Beverages Inflation at 24.2%

The average Consumer Price Index for food and beverage in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 24.2% compared with last year’s corresponding period. 
According to the Statistical Center of Iran, with a coefficient of 26.64%, the CPI of food and beverage stood at 264.9 in the month ending July 21, indicating a 6.7% increase compared with the month before. 
The food and beverage index registered a year-on-year increase of 20.9%. 
The overall average annual inflation in Iran stood at 26.4% in the month under review.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on June 20, at 27.8%. 
The consumer inflation for the month under review (June 21-July 21) registered a year-on-year increase of 26.9% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending June 20 was 22.5%. 
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 227.9 last month, indicating a 6.4% rise compared with the month before. 
SCI put the average annual both urban and rural inflation for the month under review at 26.4%. 
CPI registered a year-on-year increase of 27% for urban areas and 25.9% for rural areas in the month ending July 21. 
The overall CPI stood at 226.7 for urban households and 234.9 for rural households, indicating a month-on-month increase of 6.5% and 5.9% for urban and rural areas, respectively.

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