Rich-Poor Inflation Gap Widening

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 8.5% in the eighth month of the current Iranian year (Oct. 23-Nov. 21), up 0.6 percentage points compared to the previous month. 
The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.7 percentage points and that of “non-food and services” group increased by 0.2 percentage points compared with the previous month. 
The average goods and services Consumer Price Index in the 12-month period ending Nov. 21 increased by 50.2% for the first decile (those with the lowest income) and grew by 41.7% for the 10th decile (those with the highest income). 
The annualized inflation of “food, beverages and tobacco” stood at 64.6% for the first decile and 60.9% for the 10th decile. “Non-food and services” inflation was reported at 33% for the first decile and 36.6% for the 10th decile.