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Rich-Poor Inflation Gap at 5.4%

Rich-Poor Inflation Gap at 5.4%
Rich-Poor Inflation Gap at 5.4%

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.4% in the fifth Iranian month (July 23-Aug. 22), indicating a 0.8 percentage point decrease compared with the previous month (6.2%). 
The inflation gap in “food, beverages and tobacco” group among income deciles decreased by 0.5 percentage points and that of “non-food and services” group reduced by one percentage point compared with the month before. 
The average goods and services Consumer Price Index in the 12-month period ending Aug. 22 increased by 46% for the first decile (those with the lowest income) while it grew 50% for the 10th decile (those with the highest income). 
“Food, beverages and tobacco” group’s annual inflation increased by 59.1% for the first decile and 54.8% for the 10th decile. “Non-food and services” group inflation grew 33.3% for the first decile and 48.8% for the 10th decile.

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