Food Inflation Hit 68%: 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 68% in the 11th month of the current Iranian year (Jan. 21-Feb. 19).
The group’s month-on-month and year-on-year inflation rates stood at 4.8% and 71.5% respectively, new data released by SCI 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 overall annualized inflation in the month to Feb. 19 stood at 47.7%. Only in the fiscal 1995-96 and 1996-97 did Iran experience inflation rates above the current level.