Domestic Economy

Clothing Registers Highest Monthly Inflation With 4.4%

Clothing Registers Highest Monthly Inflation With 4.4%
Clothing Registers Highest Monthly Inflation With 4.4%

With a coefficient of 4.78%, the Consumer Price Index of “clothing and shoes” stood at 491.7 in the month to March 20, indicating a 4.4% increase compared with the month before, the highest among 12 groups of goods and services reviewed by the Statistical Center of Iran.
The “clothing and shoes” index registered a year-on-year increase of 46.3% during the month under review. 
The average annual CPI of the group increased by 51.3% compared with last year’s corresponding period. 
The overall goods and services CPI in the 12-month period ending March 20, which marks the final day of the fiscal 2021-22, increased by 40.2% compared with the corresponding period of the year before.
The annualized inflation reported on a monthly basis by SCI indicates a fifth consecutive month of decline.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Feb. 19, at 41.4%. 
The consumer inflation for the month under review (Feb. 20-March 20) registered an increase of 34.7% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending Feb. 19 was 35.4%. 
The overall CPI (using the Iranian year to March 2017 as the base year) stood at 401.5 for the month ending March 20, indicating a 1.3% rise compared with the month before. Month-on-month consumer inflation was 2.1% for the preceding month.
SCI put average inflation for urban and rural areas at 39.7% and 42.8%, respectively. 
CPI registered a year-on-year increase of 34.5% for urban areas and 35.8% for rural areas in the month. 
The overall CPI reached 396.6 for urban households and 429.2 for rural households, indicating a month-on-month increase of 1.2% and 1.6%, respectively.

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