Rich-Poor Inflation Gap Widens

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.8% in the fourth month of the current Iranian year (June 22-July 22), up 1.4 percentage points from the previous month. 
The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.5 percentage points and that of “non-food and services” group remained unchanged compared with the previous month. 
The average goods and services Consumer Price Index in the 12-month period ending July 22 increased by 44.8% for the first decile (those with the lowest income) and grew by 38.9% for the 10th decile (those with the highest income). 
The annual inflation of “food, beverages and tobacco” surged by 55.9% for the first decile and increased by 55% for the 10th decile. “Non-food and services” inflation grew by 32.1% for the first decile and 34.9% for the 10th decile.