Annualized Tobacco Price Hike at Over 45 Percent

Latest data released by the Statistical Center of Iran show the average goods and services Consumer Price Index of “tobacco” in the 12-month period ending Aug. 22, which marks the end of the fifth Iranian month of fiscal 2021-22, increased by 45.5% compared with the corresponding period of the year before.

The CPI of the group stood at 486.4 in the month to Aug. 22, indicating a 1.7% rise compared with the month before.
The index, which has minimum impact on total inflation rate with a coefficient of 0.59%, registered a year-on-year increase of 32.4%.
The annualized inflation rate in Iran has reached a record high.