Domestic Economy

Poor Face Higher Inflation

Poor Face Higher Inflation
Poor Face Higher Inflation

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 9.6% in the tenth month of the current calendar year (Dec. 22-Jan. 20), up 0.3 percentage points on the previous month. 
The inflation gap in “food, beverages and tobacco” group among income deciles grew 0.3 percentage points and that of “non-food and services” group declined by 0.3 percentage points from the previous month. 
Average goods and services Consumer Price Index in the 12-month period ending Jan. 20 jumped 53.2% for the first decile (the lowest income) and 43.7% for the 10th decile (the highest income). 
Annualized inflation of “food, beverages and tobacco” stood at 68.9% for the first decile and 64.3% for the 10th decile. “Non-food and services” inflation was reported at 34.3% for the first decile and 38.1% for the 10th.
Average annual inflation rates stood at 51.4% for the second decile compared to last year’s corresponding period; 49.7% for the third decile; 48.8 for the fourth; 47.8% for the fifth; 47.1% for the sixth; 46.3% for the seventh; 45.3% for the eighth and 44.8% for the ninth decile. 
The highest overall CPI (using the Iranian year to March 2017 as base year) was 630.4 for the tenth decile and the lowest was 586.6 for the sixth decile. 



Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment