Domestic Economy
0

SCI: Rich-Poor Inflation Gap at 9.5%

SCI: Rich-Poor Inflation Gap at 9.5%
SCI: Rich-Poor Inflation Gap at 9.5%

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). 

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