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Inflation Maintains Slow Fall
Economy, Domestic Economy

Inflation Maintains Slow Fall

The goods and services Consumer Price Index for urban areas increased 14.2% in the 12-month period ending June 21, which marks the end of the third month of the Iranian year Khordad, compared to the same period of last year. The figure shows a slight decline compared to a month earlier when the index had increased by 14.3%, as reported by the Statistical Center of Iran.
The inflation rate is the lowest since the new administration led by President Hassan Rouhani assumed office (in August 2013) and nearly half the value in the similar month last year when a 26.2% inflation rate was recorded.
The overall index (using 2011 as the base year) stood at 211.3 during the month, indicating 1.2% growth compared with the previous month.
Year-on-year increase of 14.2% was recorded in price index compared with the similar month of previous year, up from the preceding month when 13.7% changes were recorded.
The CPI index for 'foods' sub-category grew 0.7% from the previous month to stand at 247.9. The sub-index shows a 16.2% increase compared with the similar period of the preceding year and a 10.3% increase in the 12-month period ending on May 21 compared with the similar period of last year.  
The sub-index for 'food, beverages and tobacco' stood at 249.6, indicating 0.7% growth compared with the previous month. The sub-index increased by 15.6% compared with the similar month of last year. Also a 10.3% increase was recorded in the sub-index in the same period compared with the similar period of last year.
The sub-index for 'non-food and services' category reached 198.2, indicating 1.4% growth compared with the previous month. The sub-index increased by 13.6% compared with the similar month of last year. A 12-month inflation of 16% was recorded in the sub-index compared with the similar period of last year.
The SCI had earlier reported CPI inflation of 14.3 percent in the 12-month period ending on May 21, which marks the end of the second Iranian month, with 13.7% year-on-year increase in the price index. The overall index (using 2011 as the base year) stood at 208.8.

 

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