123
Food Group Inflation Falls
Domestic Economy

Food Group Inflation Falls

According to a periodical report released by the Central Bank of Iran (CBI), eight of eleven main food groups have registered an annual point to point inflation of less than 10 percent, when compared to the prices in the same period last year.
Except for the dairy products, the consumer price index for food groups has dropped in general.
From an analytical point of view, the falling inflation rate is the main reason behind the meaningful drop in CPI for food groups. The downward rate of CPI does not mean that food prices have not increased recently. In fact, markets have continued to record price rises since the beginning of the current Iranian year (starting March 21). But as mentioned in the CBI report, the pace of the rising prices has slowed down. 
The following table shows the consumer price index (CPI) for eleven food groups, categorized by CBI.

Short URL : http://goo.gl/PnvWkn

You can also read ...

68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
The world’s 67 steelmakers produced 1.21 billion tons of crude steel during the eight months, up 4.9% YOY.
Iranian steel mills produced 13.44 million tons of steel from...
Raisin Exports Earn $37m
More than 23,650 tons of raisins worth over 1.2 trillion rials...
Hormozgan Ports’ Throughput  Up 3.6%
A total of 43.76 million tons of oil and non-oil goods were...

Trending

Googleplus