The Statistical Center of Iran has released a new report, reviewing the price changes in 53 food items during the month ending July 22.
The biggest month-on-month price rise for a food item in urban areas during the month under review was recorded for onions with 14%, as a kilogram of onions was sold at 59,666 rials (23 cents).
The second and third biggest month-on-month price increases during the period under review were registered for watermelon with 13% and eggs with 11.6%, the Statistical Center of Iran reported.
A kilogram of watermelon was sold at 53,067 rials (21 cents) and a kilogram of eggs went for 215,383 rials (84 cents) last month.
Seven out of 53 food items examined by SCI this month saw a price decline in the fourth Iranian month (June 22-July 22) compared with the previous month. Limes with 14.6%, bananas with 7.2% and peaches with 2.6% registered the highest month-on-month deflations. A kilogram of limes was sold at 236,372 rials (92 cents), a kilogram of bananas fetched 278,819 rials ($1.08) and a kilogram of peaches went for rials (98 cents).
Compared with the same month of the year before, the retail prices for hydrogenated vegetable oil during the month increased by 128.4%, registering the highest year-on-year price rise for a food item last month. A kilogram of hydrogenated vegetable oil was sold at 218,719 rials (85 cents).
The second and third biggest year-on-year price increases in the same month among food items were registered for soft drinks with 126.6% and carrots with 121.3%. A kilogram of carrots was sold at 101,516 rials (40 cents) and 1,500 milliliters of soft drinks went for 120,715 rials (47 cents).
Year-on-year price deflation was registered for one item: oranges with a 1.1% year-on-year deflation. A kilogram of oranges was sold at 137,376 rials (53 cents).
The overall average goods and services Consumer Price Index in the 12-month period ending July 22, which marks the end of the fourth Iranian month of the fiscal 2021-22 increased by 44.2% compared with the corresponding period of the year before, 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 June 21, at 43%.
The consumer inflation for the month under review registered an increase of 43.6% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending June 21 was 47.6%.
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 327.4 for the month to July 22, indicating a 3.5% rise compared with the month before. Month-on-month consumer inflation was 2.5% for the preceding month.
SCI put average inflation for urban and rural areas at 43.7% and 47.3%, respectively.
CPI registered a year-on-year increase of 42.9% for urban areas and 47.7% for rural areas in the month ending July 22.
The overall CPI reached 323.8 for urban households and 347 for rural households, indicating a month-on-month increase of 3.6% and 3.2%, 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 July 22 was recorded for “hotels and restaurants” with 6.8% and “communications” with 0.1%.
The highest year-on-year inflation in the month under review was posted for “hotels and restaurants” with 62.3% while the lowest YOY inflation was registered for “communications” with 8%.
The highest and lowest annualized inflation was registered for “transportation” with 63.4% and “communications” with 18.4%.
With a coefficient of 26.64%, the CPI of “food and beverages” for all Iranian households stood at 417.1 in the month ending July 22, indicating a 3.2% increase compared with the month before.
The food and beverage index registered a year-on-year increase of 57.4%. The CPI of the group increased by 54.8% in the 12-month period ending July 22 compared with last year’s corresponding period.
