“Transportation”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating inflation, registered an annualized inflation rate of 35% in the sixth month of the current Iranian year (Aug. 23-Sept. 22).
The group’s month-on-month and year-on-year inflation rates were reported to be 0.2% and 33.9% respectively.
The 12 groups of the basket of consumer goods and services surveyed by SCI include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, "utilities" 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%.
The general annualized inflation in the month to Sept. 22 was reported to be 42.1% by the Statistical Center of Iran.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 525.4 in the month under review, indicating a month-on-month rise of 2.2% and a year-on-year rise of 49.7%.
Among the 12 groups, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 69.8% and “communications” with 5.7%.
The highest MOM inflation rates were respectively registered for “hotels and restaurants” with 4.9% and “transportation” at 0.2% month-on-month.
“Hotels and restaurants” with 84.4% and “communications” with 10.4% saw the highest and lowest YOY inflation respectively.
CPI hit 515.7 for urban households and 579.8 for rural households, each indicating a month-on-month increase of 2.2%.
SCI put the annualized inflation for urban and rural areas at 41.5% and 45.3%, respectively.
The year-on-year inflation stood at 48.4% for urban areas and 56.3% for rural areas in the month.
