Domestic Economy
0

Urban Households’ Transportation Expenses Triple Over Seven Years

The share of transportation expenses from the overall households’ expenses in urban areas, which was on the rise from the year ending March 2014 to March 2018, declined from the year ending March 2018 to March 2020
Urban Households’ Transportation Expenses Triple Over Seven Years
Urban Households’ Transportation Expenses Triple Over Seven Years

Transportation expenses of urban households have tripled in the last seven years from 12 million rials ($48) in the Iranian year ending March 2013 to 37 million rials ($148) in the year ending March 2019, the Ministry of Cooperatives, Labor and Social Welfare reported. 
However, in the year ending March 2020, transportation expenses reduced by 0.8% compared with the previous year to reach 36.7 million rials ($146.8).
The average transportation expenses for rural households increased from 8 million rials ($32) in the year ending March 2013 to 25 million rials ($100) in the year ending March 2020, suggesting a threefold rise over the period.
The share of transportation expenses from the overall households’ expenses in urban areas was on the rise from the year ending March 2014 to March 2018 and declined from the year ending March 2018 to March 2020. The sharpest decline was 1.7% year-on-year registered in the year ending March 2020. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com