The monthly consumer inflation of Tehran Province stood at 3.2% in the fifth month of the current fiscal year (July 22-Aug. 21), indicating a 4.9% decrease compared with the previous month, Masoud Shafiei, the head of Plan and Budget Organization of Tehran Province said.
The Consumer Price Index for “food, beverages and tobacco” group increased 4.3% and that of “non-food and services” group grew 2.9% month-on-month.
The overall month-on-month CPI for urban and rural areas increased by 3.2% (down 5% compared with the previous month’s corresponding figures) and 1.9% (down 5.8% compared with the previous year’s corresponding figures) respectively.
Tehran’s consumer inflation for the month under review registered a year-on-year increase of 34.5% compared with the similar month of previous Iranian year. The year-on-year inflation of the previous month posted an increase of 2.8% compared with that of the preceding month (June 21-July 21).
During this month, the year-on-year CPI of “food, beverages and tobacco” and “non-food and services” groups increased by 24.2% and 37.7% respectively.
CPI registered a year-on-year increase of 34.6% for Tehran’s urban areas and 31.5% for rural areas in the month, the official was quoted as saying by IRNA.
“Tehran Province’s average goods and services CPI in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by 28.6% compared with the corresponding period of last year,” Shafiei said.
The average annual inflation rate of Tehran Province decreased 0.2% in the fifth Iranian month compared with the fourth fiscal month.
He put Tehran’s urban and rural average annual inflation for the month under review at 28.6% and 29%, respectively.
The general average goods and services Consumer Price Index in the country in the 12-month period ending Aug. 21 increased by 25.8% YOY, 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 July 21, at 26.4%.
The consumer inflation for the month under review registered a year-on-year increase of 30.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending July 21 has been put at 26.9%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 235.9 in the month, indicating a 3.5% rise compared with the month before.
SCI put average annual inflation for urban and rural during the month under review at 25.9% and 25.4%, respectively.
CPI registered a year-on-year increase of 30.6% for urban areas and 29.6% for rural areas in the month ending Aug. 21.
The overall CPI reached 234.7 for urban households and 242.5 for rural households, indicating a month-on-month increase of 3.5% and 3.2% 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 Aug. 21 was recorded for “furniture, home appliances and their maintenance” with 5.9% and the lowest monthly growth for “health and treatment” and “communications” groups with 1.7%
The highest and lowest year-on-year inflation in the month under review was posted for transportation (65.1%) and communications (12.5%) and the highest and lowest annual inflation was registered for transportation (47.2%) and communications (6.4%).
Mohammad Reza Nouri, the head of Tehran Tax Office, said Tehran Province is expected to earn 1,000 trillion rials ($4.25 billion) of the total 1,800 trillion rials ($7.65 billion) of tax revenues projected for the current fiscal year (March 2020-21).
“By materializing 106% of tax revenues set in last fiscal year’s budget, Tehran Province accounted for 56% of the country’s 1,410 trillion rials [$6 billion] tax income, i.e., 800 trillion rials [$3.4 billion]. This comes as taxpayers were grappling with the coronavirus crisis and sanctions,” Nouri was quoted as saying by IRNA.
