The average goods and services Consumer Price Index in the 12-month period ending Jan. 20, which marks the final day of the 10th Iranian month Dey increased by 38.6% compared with last year’s corresponding period, latest data released by the Statistical Center of Iran show.
SCI had put the annual inflation rate for the preceding Iranian month, which ended on Dec. 21, 2019, at 40%.
The consumer inflation for the month under review (Dec. 22, 2019-Jan. 20, 2020) registered a year-on-year increase of 26.3% compared with the similar month of last year.
The overall Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 195.4 last month, indicating a 0.8% rise compared with the month before.
CPI registered a year-on-year increase of 26.2% for urban areas and 27% for rural areas compared with the similar month of last year.
The overall CPI reached 194.4 for urban households and 201.1 for rural households, indicating a month-on-month increase of 0.9% and 0.5% for urban and rural areas, respectively.
SCI put urban and rural 12-month inflation for the month under review at 38% and 42.2% respectively.
The highest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending Jan. 20 was recorded for “transportation” with 3%, while a 0.4% monthly deflation was posted for “foods and beverages”.
Foods and Beverages
With a coefficient of 26.64%, the Consumer Price Index of “food and beverages” stood at 223.9 in the month ending Jan. 20, indicating a 0.4% decrease compared with the month before.
The “foods and beverages” index registered a year-on-year increase of 24.5% compared with the similar month of last year.
CPI of “food and beverages” group in the 12-month period ending January 20 increased by 52.4% compared with last year’s corresponding period.
Tobacco
CPI of “tobacco” stood at 284.9 last month, indicating a 1.1% rise compared with the month before.
The “tobacco” index, which has the minimum impact on total inflation rate with ae coefficient of 0.59%, registered a year-on-year increase of 10.4%.
CPI of “tobacco” group in the 12-month period grew 44.6% compared with last year’s corresponding period.
Clothing and Shoes
With a coefficient of 4.78%, CPI of “clothing and shoes” stood at 211 in the last fiscal month, indicating a 1.5% increase compared with the month before.
The “clothing and shoes” index registered a year-on-year increase of 33.4% during the month under review. The annual CPI of the group increased by 48% compared with last year’s corresponding period.
Housing, Water, Electricity, Natural Gas and Other Fuels
CPI of “housing, water, electricity, natural gas and other fuels” stood at 165.4 last month, indicating a 0.9% increase compared with the month before.
The group’s CPI index, which has the biggest impact on total inflation rate with a coefficient of 35.5%, registered a year-on-year increase of 22.2%.
The 12-month CPI of “housing, water, electricity, natural gas and other fuels” group increased by 24% compared with last year’s corresponding period.
Furniture, Home Appliances and Their Maintenance
With a coefficient of 3.93%, CPI of “furniture, home appliances and their maintenance” stood at 237.6 last month, indicating a 1.3% increase compared with the month before.
The group’s CPI registered a year-on-year increase of 29.1%. The 12-month CPI of the group increased by 58% compared with last year’s corresponding period.
Health and Treatment
CPI of “health and treatment” stood at 167.8 last month, indicating a 1.3% increase compared with the month before.
The index, with a coefficient of 7.14%, registered a year-on-year increase of 23.6% compared with the similar month of last year.
The “Health and treatment” group’s annual inflation during the month under review grew by 26.4% compared with last year’s corresponding period.
Transportation
With a coefficient of 9.41%, CPI of “transportation” stood at 224.6% last month, indicating a 3% increase compared with the month before. The “transportation” index registered a year-on-year increase of 51.7%. The annual CPI of the group increased by 46.6% compared with last year’s corresponding period.
Communications
CPI of “communications” stood at 146.9 last month, indicating a 0.5% growth compared with the month before. The index, with a coefficient of 2.87%, registered a year-on-year increase of 3.3%.
The “Communications” group’s annual inflation during the month under review grew by 20.9% compared with last year’s corresponding period.
Leisure & Culture
CPI of “leisure and culture” group stood at 237.8 last month, indicating a 1.8% rise compared with the month before.
The index, with a coefficient of 1.65%, registered a YOY increase of 29.7%.
“Leisure and culture” group annual inflation during the month under review grew by 52.7% compared with last year’s corresponding period.
Education
With a coefficient of 1.86%, CPI of “education” stood at 171.8 last month, indicating a 0.3% increase compared with the month before. The “education” group’s CPI index registered a year-on-year increase of 20.2%. The annual CPI of the group increased by 22% compared with last year’s corresponding period.
Hotels and Restaurants
CPI of “hotels and restaurants” stood at 192 last month, indicating a 1.6% growth compared with the month before. The index, with a coefficient of 1.44%, registered a year-on-year increase of 32.5%.
The group’s annual inflation during the month under review grew by 42.5% compared with last year’s corresponding period.
Miscellaneous Items and Services
CPI of the goods and services categorized within the “miscellaneous” group stood at 208.2 last month, indicating a 1.5% growth compared with the month before. The index, with a coefficient of 4.18%, posted a year-on-year increase of 25.3%.
The group’s annual inflation during the month under review grew by 42.1% compared with last year’s corresponding period.
