“Home Appliances, Furniture and Maintenance”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 37.9% in the third month of the current Iranian year (May 22-June 21).
The group’s month-on-month and year-on-year inflation stood at 3.1% and 39.6% receptively.
The overall goods and services Consumer Price Index (using the Iranian year to March 2022 as the base year) stood at 189.3 in the month under review, indicating a month-on-month rise of 2% and a year-on-year rise of 42.6%.
Among 12 groups of goods and services reviewed by SCI, the highest and lowest annualized inflation rates were respectively registered for “hotels and restaurants” with 82% and “communications” with 15.2%.
The highest and lowest MOM inflation rates were respectively registered for “hotels and restaurants” with 6.2% and “transportation” with -2% month-on-month, respectively.
“Hotels and restaurants” with 62.5% and “communications” with 21% registered the highest and lowest YOY inflation respectively.
CPI hit 187.9 for urban households and 197.8 for rural households, indicating a month-on-month increase of 2.1 and 1.8%, respectively.
SCI put the annualized inflation for urban and rural areas at 47.7% and 53.3%, respectively. The year-on-year inflation stood at 42.5% for urban areas and 43.2% for rural areas in the month.
Notably, in the current Iranian year that started on March 21, SCI changed the base year for CPI from the fiscal 2016-17 to the fiscal 2021-22 in five-year updates, as the expenditure weights used to calculate CPI change over time.
