Domestic Economy

Consumer Inflation Hits 29%

SCI put average annual inflation for urban and rural areas at 29% and 28.8%, respectively
Consumer Inflation Hits 29%
Consumer Inflation Hits 29%

The average goods and services Consumer Price Index in the 12-month period ending Nov. 20, which marks the end of the eighth Iranian month, increased by 29% 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 Oct. 21, at 27.2%. 
The consumer inflation for the month under review (Oct. 22-Nov. 20) registered an increase of 46.4% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Oct. 21 was 41.4%. 
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 275 last month, indicating a 5.2% rise compared with the month before. Month-on-month consumer inflation was 7% for the preceding month (Sept. 22-Oct. 21.)


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