Domestic Economy
0

Rich-Poor Inflation Gap at 8.1%

Rich-Poor Inflation Gap at 8.1%Rich-Poor Inflation Gap at 8.1%

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 8.1% in the seventh Iranian month (Sept. 22-Oct. 21), indicating a 1.6 percentage point increase compared with the previous month. 
The inflation gap in “food, beverages and tobacco” group among income deciles increased by 1.2 percentage points and that of “non-food and services” group widened by 2.8 percentage point compared with the previous month, SCI reported on its website. 
The average goods and services Consumer Price Index in the 12-month period ending Oct. 21 increased by 24.4% for the first decile (those with the lowest income) while it grew by 32.5% for the 10th decile (those with the highest income). 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com