Average Annualized Inflation Hit 46.5% in Fiscal 2022-23: CBI

Iran experienced an average annual inflation rate of 46.5% in the last fiscal year that ended on March 20, 2023, according to the Central Bank of Iran.
CBI says the Consumer Price Index stood at 794.3 in the 12th month of the year, indicating a 6.6% rise compared to the previous month. The bank did not report the year-on-year inflation in the 12th month.
The bank surveys CPI for 12 groups of goods and services. Notably, the “food and beverages” group’s inflation reached 54.6%.
The inflation rates for “transportation”, “health and medical care”, “clothing and shoes”, “home appliances and services”, “communications”, “entertainment and cultural affairs”, “education”, “restaurant and hotel”, “tobacco”, “housing and utilities (water, electricity, gas and other fuel)” and “miscellaneous goods and services” reached 32.3%, 41.9%, 45.9%, 33.3%, 19.3%, 37.8%, 35.1%, 80%, 28.8%, 48.3% and 38.3% respectively.