The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 9.5% in the 10th Iranian month (Dec. 21, 2020-Jan. 19), indicating a 0.2 percentage increase compared with the previous month (9.3%).
The inflation gap in “food, beverages and tobacco” group among income deciles increased by 0.3 percentage points and that of “non-food and services” group widened by 1.2 percentage point compared with the month before.
The average goods and services Consumer Price Index in the 12-month period ending Jan. 19 increased by 29.8% for the first decile (those with the lowest income) while it grew 39.3% for the 10th decile (those with the highest income).
“Food, beverages and tobacco” group inflation increased by 32.6% for the first decile and 28.5% for the 10th group. “Non-food and services” group inflation grew 26.9% for the first decile and 42.1% for the 10th group.
Average inflation rates grew by 30.3% for the second decile compared with last year’s corresponding period; 30.5% for the third and fourth deciles; 30.7% for the fifth decile; 31% for the sixth decile; 32.1% for the seventh decile; 32.9% for the eighth decile and 35.1% for the ninth decile.
The highest overall CPI (using the Iranian year to March 2017 as the base year) stood at 306.9 for the 10th decile and the lowest calculated was 282.2 for the first decile.
The first decile registered a 1.1% month-on-month inflation; second 1.4%; third 1.5%; fourth, fifth and 10th deciles’ monthly inflation grew 1.7%, and sixth, seventh, eighth and ninth deciles saw a monthly inflation of 1.8%.
The year-on-year inflation rates increased by 45.9% for the first decile during the month under review, 46.6% for second, 46.2% for third, 45.9% for fourth, 45.6% for fifth and sixth, 46.6% for seventh, 46.9% for eighth, 49% for ninth and 53% 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.
Regardless of income deciles, the average goods and services Consumer Price Index in the 12-month period ending Jan. 19, which marks the end of the 10th Iranian month, increased by 32.2% 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 Dec. 20, at 30.5%.
The consumer inflation for the month under review registered an increase of 46.2% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Dec. 20 was 44.8%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 285.7, indicating a 1.8% rise compared with the month before. Month-on-month consumer inflation was 2% for the preceding month.
SCI put average annual inflation for urban and rural areas at 32.2% and 32.5%, respectively.
CPI registered a year-on-year increase of 45.5% for urban areas and 49.8% for rural areas in the month ending Jan. 19.
The overall CPI reached 282.9 for urban households and 301.3 for rural households, indicating a month-on-month increase of 1.9% and 1.7% for urban and rural areas, respectively.
The highest and lowest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending Jan. 19 were recorded for “furniture, home appliances and their maintenance” with 4.2% and “communications” with 0.1%, respectively.
The highest and lowest year-on-year inflation in the month under review was posted for furniture, home appliances and their maintenance (64.1%) and education (21.6%) and the highest and lowest annual inflation was registered for transportation (65.4%) and communications (13.6%) respectively.
