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Domestic Economy

Transportation Experiences Highest Annual Inflation

The average goods and services Consumer Price Index of “transportation” in the 12-month period ending April 20, which marks the end of the first Iranian month of fiscal 2021-22, increased by 65.9% compared with the similar period of the year before.

According to the Statistical Center of Iran, this marked the highest rise among 12 groups of the basket of consumer goods and services purchased by households. 

With a coefficient of 9.41%, the CPI of the group stood at 379.7, indicating a 2.5% increase compared with the month before. The index registered a year-on-year increase of 56.3%. 

The overall average goods and services CPI in the period increased by 38.9% year-on-year. 

The consumer inflation for the month under review (March 21-April 20) registered an increase of 49.5% compared with the similar month of the previous Iranian year. 

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 306.1 in the month ending April 20, indicating a 2.7% rise compared with the previous month. 

SCI put average annual inflation for urban and rural at 38.6% and 40.6% respectively. 

CPI registered a year-on-year increase of 48.8% for urban areas and 53% for rural areas in the month ending April 20. 

The overall CPI reached 302.7 for urban households and 325.4 for rural households, indicating a month-on-month increase of 2.6% and 3% for urban and rural areas, respectively.

Apart from “transportation”, the 12 groups of the basket of consumer goods and services purchased by households surveyed by the SCI include “food and beverages” with a coefficient of 26.64%, “tobacco" with 0.59%, "clothing and shoes" with 4.78%, "housing, water, electricity, natural gas and other fuels" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44% and "miscellaneous items and services" with a coefficient of 4.18%.