Domestic Economy

Food Inflation Hit 81.2% YOY

Compared with the same month of the previous year, the retail prices of vegetable oil increased by 314.6%, registering the highest year-on-year price rise
Food Inflation Hit 81.2% YOY
Food Inflation Hit 81.2% YOY

The Consumer Price Index of “food and beverages” stood at 790.9 in the fifth month of the current Iranian year (July 23-Aug. 22) to register a staggering 81.2% year-on-year rise, new data released by the Statistical Center of Iran show.
The group’s annualized and monthly inflation rates reached 57.4% and 1.4% respectively.
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%.


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