Inflation Hits Record High of 54% YOY: SCI

The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 504.3 in the fourth month of the current Iranian year (June 22-July 22) to register a record high of 54% compared to the similar period of last year, new data released by the Statistical Center of Iran show.
The highest year-on-year inflation was registered for the “food and beverage” group with 87% while “communications” saw the lowest YOY rate of 10.8%. 
The month-on-month and annualized inflation stood at 4.6% and 40.5% 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 “home appliances, furniture and maintenance” with 6.1% and “communications” at 1% month-on-month.