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Domestic Economy

‘Housing and Utilities’ Inflation at 26 Percent

The average goods and services Consumer Price Index of “housing and utilities (water, electricity, natural gas and other fuels)” in the 12-month period ending April 20, which marks the end of the first Iranian month of fiscal 2021-22, increased by 26% compared with last year’s corresponding period. 

CPI stood at 216.9 in the month to April 20, indicating a 1.3% rise 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 29.8%. 

Apart from “housing and utilities”, the 12 groups of the basket of consumer goods and services purchased by households surveyed by the SCI include “food and beverage” with 26.64%, tobacco" with a coefficient of 0.59%, "clothing and shoes" with a coefficient of 4.78%, "health and treatment" with a coefficient of 7.14%, "furniture, home appliances and their maintenance" with a coefficient of 3.93%, “communications” with a coefficient of 2.87%, "transportation" with a coefficient of 9.41%, "leisure and culture" with a coefficient of 1.65%, "education" with a coefficient of 1.86%, "hotels and restaurants" with a coefficient of 1.44%, and "miscellaneous items and services" with a coefficient of 4.18%.

The overall average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 38.9% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show. 

The SCI had put the average annual inflation rate for the preceding Iranian month which ended on March 20 at 36.4%. 

The consumer inflation for the month under review (March 21-April 20) registered an increase of 49.5% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending March 20 was 48.7%. 

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 306.1 for the month to April 20, indicating a 2.7% rise compared with the month before. Month-on-month consumer inflation was at 1.8% for the preceding month.

The SCI put average annual inflation for urban and rural at 38.6% and 40.6% respectively. 

The CPI registered a year-on-year increase of 48.8% for urban areas and 53% for rural areas in the month ending April 20. 

The overall CPI reached 302.7 for urban households and 325.4 for rural households, indicating a month-on-month increase of 2.6% and 3% for urban and rural areas, respectively.