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Food Inflation at 63.6%: SCI

This is the seventh consecutive month the annualized inflation is rising after the government abolished the heavily subsidized import of essential goods
Food Inflation at 63.6%: SCI
Food Inflation at 63.6%: SCI

“Food and beverages”, one of the 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 63.6% in the ninth month of the current Iranian year (Nov. 22-Dec. 21).
The group’s month-on-month and year-on-year inflation rates stood at -0.1% and 66% respectively, new data released by the Statistical Center of Iran show.
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 general average annualized inflation in the month to Dec. 21 stood at 45%, according to SCI.

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