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Utilities Inflation at 22.7%

Utilities Inflation at 22.7%Utilities Inflation at 22.7%

The Consumer Price Index of utilities (electricity, gas and water) in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 22.7% compared with last year’s corresponding period. 
According to the Statistical Center of Iran, the CPI of "housing, water, electricity, natural gas and other fuels" among 12 groups of the basket of consumer goods and services purchased by households stood at 184.6 for the month under review, indicating a 6.9% increase compared with the month before. 
The group’s CPI index, which has the biggest impact on total inflation rate with a coefficient of 35.5%, registered a year-on-year increase of 24.6%. 
The overall average goods and services Consumer Price Index in the 12-month period ending July 21, increased by 26.4% 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 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.

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