SCI: Urban Inflation at 7.4%, Rural 8.5%

The goods and services Consumer Price Index for urban areas increased 7.4% in the 12-month period ending June 21, which marks the end of the Iranian month of Khordad, compared with last year’s corresponding period, according to the Statistical Center of Iran’s latest report.  SCI put the preceding month’s inflation rate at 7.1%. The overall consumer price index (using the Iranian year to March 2012 as the base year) stood at 245.2 in Khordad, indicating a 0.3% increase compared with the previous month and a year-on-year increase of 9.4% compared with last year’s similar month. The goods and services CPI for rural areas in the 12-month period ending June 21 increased 8.5% compared with last year’s corresponding period. SCI had reported an 8.1% rural inflation for the preceding Iranian month.  The overall rural CPI (using Iranian year to March 2012) stood at 259.7 in Khordad, indicating a 0.5% decline compared with the previous month and a year-on-year increase of 10.5% compared with last year’s similar month.