Domestic Economy
0

Rich-Poor Inflation Gap at 6.8%

Rich-Poor Inflation Gap at 6.8%
Rich-Poor Inflation Gap at 6.8%

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 6.8% in the third Iranian month (May 22-June 21), indicating a 0.6 percentage point decrease compared with the previous month (7.4%). 
The inflation gap in “food, beverages and tobacco” group among income deciles increased by 0.2 percentage points and that of “non-food and services” group reduced by 0.1 percentage point compared with the month before. 
The average goods and services Consumer Price Index in the 12-month period ending June 21 increased by 42.8% for the first decile (those with the lowest income) while it grew by 49.1% for the 10th decile (those with the highest income). 
The annual inflation of “food, beverages and tobacco” group increased by 54% for the first decile and 48.7% for the 10th decile. “Non-food and services” inflation grew 32% for the first decile and 49.2% for the 10th decile.

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