Economy, Domestic Economy

Rural Inflation Down

Rural Inflation Down
Rural Inflation Down

The inflation rate in Iran's rural areas reached 17.3 percent in the Iranian month of Aban (ending November 21), down 1.6 percent from one month earlier, a recent report released by the Statistical Center of Iran (SCI) shows.

The consumer price index (CPI) for goods and services in the rural areas stood at 208.5 points in Aban, showing an increase of 1.2 percent compared to the previous month and 12.1 percent compared to the same month last year. The CPI for food, beverage, and tobacco group stood at 227.9 points in Aban, showing a 1.6 percent increase compared to a month earlier.

The producer price index (PPI) in industrial sector reached 192.1 points in spring (first quarter of the fiscal year), registering a 14.3 percent increase compared to last winter, and 18.7 percent increase compared to the spring of 2013, the report said.

The CPI measures changes in the price level of a market basket of consumer goods and services purchased by households while the PPI measures the average changes in prices received by domestic producers for their output.

The central bank is officially in charge of releasing figures on economic indicators including inflation, but in recent years the SCI has started releasing reports based on its own research, which in many cases contradict CBI's reports.