The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 4.7% in the fourth Iranian month (June 21-July 21), indicating a 0.5 percentage point increase compared with the previous month.
The inflation gap in “food, beverage and tobacco” group among income deciles decreased by 0.9 percentage points, while that of “non-food and services” group increased by 0.1 percentage point compared with the month before.
The average goods and services Consumer Price Index in the 12-month period ending July 21 increased 24.2% for the first decile (those with the lowest income) while it grew 28.9% for the 10th decile (those with the highest income).
Average inflation rates grew by 24.9% for the second decile compared with last year’s corresponding period; 25.2% for the third decile; 25.4% for the fourth decile; 25.6% for the fifth decile; 25.8% for the sixth decile; 26.3% for seventh decile; 26.6% for eighth decile and 27.4% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 243 for the 10th decile and the lowest calculated was 221.7 for the first decile. Both deciles registered a 7.2% month-on-month inflation growth. Monthly inflation growth was 6.9% for second decile, 6.8% for third and ninth deciles, and 6.6% for the fourth, fifth, sixth, seventh and eighth deciles.
The year-on-year inflation rates increased by 24.3% for the first decile during the month under review, 24.9% for second, 25.3% for third, 25.4% for fourth, 25.6% for fifth, 26.1% for sixth, 26.9% for seventh, 27.6% for eighth, 29.1% for ninth and 32.3% 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 annual inflation, irrespective of income deciles, stood at 26.4% in the month under review.
The Statistical Center of Iran 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 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.
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 July 21 was recorded for the three groups of “tobacco”, “transportation” and “leisure and culture” with 7% and the lowest monthly growth for “education” with 3.3%
The highest and lowest year-on-year inflation in the month under review was posted for transportation (55.9%) and communications (10.3%), while the highest and lowest average annual inflation was registered for transportation (45.4%) and communications (7.3%).
