“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation of 40.4% in the eighth month of the current Iranian year (Oct. 23-Nov. 21).
The group’s month-on-month and year-on-year inflation rates reached 1.1% and 39.4% 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%, “housing and 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 overall annualized inflation in the month under review stood at 44%, SCI announced recently.
This is the sixth consecutive month the annualized inflation is rising after the government put into effect what it touted as “economic surgery” by abolishing heavily subsidized import of essential goods.
The general goods and services Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 552.4, indicating a month-on-month rise of 2.1% and a year-on-year rise of 48.1%.
Among the 12 groups of goods and services reviewed by SCI, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 72.5% and “communications” with 7.2%.
The highest MOM inflation rates were respectively registered for “health and medical treatment” with 4% and “communications” at 0.9% month-on-month.
“Hotels and restaurants” with 79.3% and “communications” with 10.2% also experienced the highest and lowest YOY inflation respectively.
CPI hit 543.2 for urban households and 603.7 for rural households, indicating a month-on-month increase of 2.1 and 2.1%, respectively.
SCI put the annualized inflation for urban and rural areas at 43.3% and 47.4%, respectively.
The year-on-year inflation stood at 47.3% for urban areas and 52.3% for rural areas in the month.
