“Leisure and Culture” registered an annualized inflation of 33.7% in the third month of the current Iranian year (May 22-June 21), according to the Statistical Center of Iran.
The group’s Consumer Price Index stood at 542.7, indicating a 4% rise compared with that of the previous month. It saw a year-on-year increase of 31.5% with the annualized inflation near 33.7%.
The 12 groups of the basket of consumer goods and services purchased by households include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, "housing, water, electricity, natural gas and other fuels" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "transportation" with 9.41%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44%, and "miscellaneous items and services" with 4.18%.
New SCI data confirm inflation has reached an unprecedented level.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 482.1 in the month under review, indicating a 12.2% rise compared to the previous month.
This is the highest monthly price rise on record in SCI’s database (since 2018).
The average CPI in the 12 months to June 21 increased by 39.4% compared with the corresponding period of the year before.
Consumer price inflation for the month under review jumped by 52.5% over the same month of the previous fiscal year.
SCI put average inflation for urban and rural areas at 38.9% and 41.8%, respectively. CPI registered a YOY increase of 51.4% for urban areas and 58.2% for rural areas in the month.
Overall CPI reached 473.2 for urban households and 531.9 for rural households, indicating a month-on-month increase of 11.5% and 15.8%, 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 June 21 was recorded for “food and beverages” with 25.9% and “education” at 1.1% month-on-month.
The highest year-on-year inflation in the month under review was logged by “hotels and restaurants” with 86.4% while the lowest YOY inflation was registered by “communications” with 9.8%.
The highest and lowest annualized inflation rates were registered for “hotels and restaurants” with 63.7% and “communications” with 4.7%.
The record high monthly inflation came after the government decided to overhaul the import subsidy system.
